Investment by Foreign National

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Foreign nationals can generally purchase residential and commercial property in India, provided they adhere to specific regulations. Those residing outside India must comply with legal guidelines under the Foreign Exchange Management Act (FEMA), particularly concerning commercial units. However, foreign nationals of non-Indian origin residing outside India are restricted from purchasing any immovable property.

Rajeev Kumar

Rajeev Kumar (Querist)
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09 February 2023 Dear Sir,

I want to know that can a Foreign National (Residing outside India / Residing in India) purchase Residential/Commercial property in India?

Thanks in advance.
Rajeev Kumar

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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09 February 2023 Foreign national residing in India can purchase commercial and residential property in India
Residing outside India can purchase commercial units complying with legal guidelines under the Foreign Exchange Management Act (FEMA).

Rajeev Kumar

Rajeev Kumar (Querist)
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09 February 2023 Thank You so much Sir.
Can i get the FEMA guideline from FEMA Act ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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09 February 2023 Foreign national of non-Indian origin resident outside of India cannot purchase any immovable property in India.

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