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Showing posts with the label Foreginer purchase property in India

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

  Yes 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. 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. 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 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 Indi