Investment by Foreign National

This query is : Resolved

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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