Legal Question in Real Estate Law in India

property purchase

can a foreigner buy property in india?if so what are the conditions.


Asked on 10/25/07, 2:08 am

3 Answers from Attorneys
Homi Maratha N.N. Maratha & Co.-Advocates

Re: property purchase

Yes he/she can buy the properties abided by the Goverment Rules & Regulations.

For futher query contact me.

Professional charges are applicable.

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Answered on 10/25/07, 5:08 am

Re: property purchase

Yes.As such no bar but he should have to seek permission from RBI.

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Answered on 10/25/07, 2:33 am
Shrichand Nahar S.V.Nahar, Advocate

Re: property purchase

A foreigner is normally allowed to buy commercial properties of specified area and value. Repatriation depends on term of approval.

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Answered on 10/25/07, 2:52 am


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