Can you buy property in India if you are not a citizen?

 Yes

  1. Foreign national resident in India can purchase any immovable property in India. This is because once he is a resident in India, he gets the rights like any other resident. This freedom is however not available to citizens of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Nepal, and Bhutan.
  2. A foreign company that has established a Branch Office in India, in accordance with FERA / FEMA regulations, can also acquire immovable property in India. However, it must be necessary to carry on his/her business hence the whip is being cracked on those using this as a loophole to acquire residential property to live in or rent.
  3. Non-Resident Indians (NRI), whether Indian citizens or foreign citizens of Indian origin can own any number of property in India other than agricultural land/plantation property/farmhouse
  4. A foreign national of Indian origin is "any person who or either of whose parents or any of whose grandparents was born in India as defined in the Government of India Act, 1935" or any person who held an Indian passport at any given time can own any number of property in India.

Foreigners are not eligible to purchase immovable property under the following category

  1. Foreign nationals of non-Indian origin resident outside India cannot buy any immovable property in India. Unless they satisfy the residency requirement of 183 days in a financial year (a tourist visa lasts for 180 days). It is also illegal to buy property on a tourist visa.
  2. Property cannot purchase jointly in the name of one eligible person with one non-eligible person. That means a non-resident Indian (NRI) or foreign national of Indian origin (PIO) cannot buy a property jointly with a foreigner

Lease is other possible option for ineligible person (foreign nationals of non-Indian origin and citizens of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Nepal and Bhutan) can acquire residential (not commercial) accommodation on lease not exceeding five years. However, such property has been sold to foreigners, particularly in Goa and Bangalore, where prices are cheap and developers are plentiful, on 5 year leases. The buyers won´t get title to the property until they can obtain residency, which is what most of them intend to do eventually.

We provide consultation and feasibility checks. To opt for our service, please Whatsapp to 9 7 4 2 4 7 9 0 2 0.

Thank you for reading…

Location: India

Comments

Post a Comment

Popular posts from this blog

Who provides a good service on exterior cleaning in Bangalore?

Image
  When it’s time to give your home’s exterior a good cleaning, Whatsapp to +91 - 9 7 4 2 4 7 9 0 2 0. Your home will love you! When it comes to the inside of your home, you usually stick to a pretty regular cleaning schedule. But it’s easy to forget that the outside of your home needs some attention too! But after a long winter, all sorts of dirt, grime, mold, mildew, and other nasty substances can collect on your siding, windows, walkways, patios, and more. Cleaning your siding regularly extends its life and adds instant curb appeal to your home. Virtually every surface of your home can be “detailed” by us. Our friendly, janitors have the knowledge and equipment to clean your siding, windows, trim, flashing, gutters, decks, patios, and driveways. One phone call or Whatsapp and you can schedule your visit from us. House Washing Services We use two methods to wash your home soft wash or hand wash and pressure washing. Both methods are effective. For vinyl, wood, and delicate surface...
Read more

What is the format for an affidavit for a joint Khata transfer BBMP SAKA online service?

Image
When we apply for BBMP khata transfer through online (Sakala online service), Just one e-sign is accepted. As of now, no provision for multiple e-sign for one application It means, among the co-owners, only one owner can able to represent the khata transfer application. Hence it is mandatory to submit an affidavit for joint Khata transfer, to represent an applicant. Below is the format of an Affidavit for Joint Khata transfer. AFFIDAVIT FOR JOINT KHATA TRANSFER (Title should come at center) We, OWNER NAME 1 aged about __ Years, S/o __________________ and OWNER NAME 2, aged about __ Years, S/o ________________ both residing at _____________________, are applying for the joint Khata transfer for property, which is situated at No. ________________, In the ward No. ___ and zone _______________ of BBMP. PID Number/ Old Khata No/ Survey No is _____________, We both are the joint applicants for Khata Transfer, and we authorize OWNER NAME 1 for e-signing the application for Khata transfer on o...
Read more

Can you share a sample affidavit for a birth certificate by parents in India?

Image
  Below is the sample affidavit issued by Mother Below is the sample affidavit issued by Father A notarized affidavit looks like the below image, If you don’t have birth certificate or correction in birth certificate, it is mandatory to get birth affidavit from both mother and father. especially for visa purposes. Below is the step by step procedure to make an affidavit Step 1:  Prepare affidavit draft in word format. Step 2:  Buy Rs. 100 Non-judical e-stamp paper from nearest co-operative bank, court or register office. Step 3:  Print the draft on Non-judical e-stamp paper. Step 4:  Carry printed affidavit and supporting documents. Meet the notary public near you. Step 5:  Parents should sign affidavit in front of notary public. Notary public seal and sign the affidavit. Register in notary book. This completes affidavit execution. We provide affidavit service with notary. Our service includes home delivery. To opt for our service, please Whatsapp to 9 7 4 ...
Read more