OCI Cardholder is at parity with Non-Resident Indians (NRIs) towards property transactions. As per FEMA,
RBI frames the Directions / Regulations concerning the Acquisition and Transfer of immovable property in
India.
An NRI or an OCI can acquire any immovable property in India by way of inheritance from a person resident
outside India who had acquired the property in accordance with the provisions of the foreign exchange law
in force at the time of acquisition or can also acquire any immovable property in India by way of
inheritance from a person resident in India
The above Regulation also permits NRO/OCI to transfer or sell the immovable property without prior
permission from RBI