Legal Question in Real Estate Law in India

Purchase of Property by Foreigners

Can a foreigner purchase property in India?


Asked on 2/12/08, 8:55 pm

5 Answers from Attorneys

Homi Maratha N.N. Maratha & Co.-Advocates

Re: Purchase of Property by Foreigners

Yes a foreigner can purchase a property in India following the rules of RBI.

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Answered on 2/13/08, 7:45 am

Re: Purchase of Property by Foreigners

Yes,after completing legal formalities.

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Answered on 2/13/08, 12:24 pm

Re: Purchase of Property by Foreigners

NO. A foreigner is not allowed to purchase any kind of immovable property in India with NRIs being exception. Please feel free to contact for any further info.

Regards

Naved Askari

+91 9818812818

New Delhi

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Answered on 2/12/08, 11:44 pm

Re: Purchase of Property by Foreigners

Dear Sir,

A Foreigner is barred under FDI guidelines from Investing and purchasing any property in India, thogh their are some exceptions and alternate. For more details, please e-mail at [email protected], or call at +91-9818093000

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Answered on 2/13/08, 2:16 am
Shrichand Nahar S.V.Nahar, Advocate

Re: Purchase of Property by Foreigners

Yes, subject to conditions.

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Answered on 2/13/08, 5:34 am


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