Home   >>    Investment   >>    Real Estate

Are foreign passport holders of Indian origin allowed to purchase immovable property in India?

Yes. Foreign nationals of Indian origin whether resident in India or abroad, have been granted general permission to purchase immovable property in India for bona-fide residential purposes.

08 Dec 2008

Yes. Foreign nationals of Indian origin whether resident in India or abroad, have been granted general permission to purchase immovable property in India for bona-fide residential purposes. Permission is implied if the payment is done in foreign currency or by debit to NRE or FCNR accounts.
If payment is to be paid in Indian rupees, prior permission of the RBI is necessary.



Get Real Estate Proposals