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

As per RBI FAQ no 8 of the Acquisition and Transfer of Immovable Property in India by a Person Resident outside India , a foreign company which has established a Branch Office or other place of business in India, in accordance with FERA / FEMA regulations, can  acquire any immovable property in India, which is

tax on rental income of non resident Indian : I am an NRI and  USA citizen. I received house from  my father , after his death.I am getting some rental income from this house . D I have to file income tax return or I can show this income in my USA return.Do I need a PAN ? If yes, how to apply? PLEASE