Can a foreign national acquire property in India?

April 30, 2010 by taxworry

No, in general . The forign companies are allowed to buy the property in India . However , foreign national resident outside are clearly prohibited to acquire any property in India.The Reserve bank of India has stated in its FAQs no 5,6 & 7 as under
Q.5. Can a foreign national of non-Indian origin be

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Filed Under: FEMA Tagged With: Afghanistan, Bangladesh, Bank, Bhutan, China, FEMA, immovable property, India, Iran, Nepal, Non Res, origin, origin resident, Pakistan, property, property in india, Reserve, reserve bank of india, resident, residential accommodation, Sri Lanka

Can a foreign national acquire property in India?

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Can a foreign national acquire property in India?

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