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Author Topic: Can a foreign national residing in India purchase immovable property in India?  (Read 2439 times)

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Offline advkartik

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Yes, a foreign national who is a person resident in India within the meaning of Section 2(v) of FEMA, 1999 can purchase immovable property in India.

But the person concerned would have to obtain the approvals and fulfil the requirements, if any, prescribed by other authorities, such as, the State Government concerned, etc.

The onus to prove his/her residential status is on the individual as per the extant FEMA provisions If required by any authority.

However, a foreign national resident in India who is a citizen of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Nepal and Bhutan would require prior approval of the Reserve Bank.

 

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