Are foreigners allowed to own property in India?
When we asked expats in India if foreigners are allowed to own property, they answered...
"Yes, foreigners are allowed to own property in India. However, there are certain restrictions and regulations that must be followed. Foreigners are only allowed to purchase residential or commercial property in India, and they must obtain prior approval from the Reserve Bank of India before doing so. Additionally, the property must be purchased in foreign exchange that has been remitted to India through normal banking channels. Furthermore, the property must be registered with the local authorities and the foreign exchange must be repatriated outside India after the sale of the property," explained one expat living in India.
Other Questions:
- What do I need to know before retiring in India?
- How do I meet people in India?
- What is life like in India?
- Is there a lot of crime in India?
- Is there a lot of diversity? Are people in India accepting of differences?
- What are the schools in India like?
- Is the cost of living in India high?
- What advice do you have for expats having a baby in India?
- What are healthcare services like in India?
- Is the cost of living in India high?
- What type of recreational facilities are in India?
- What is the weather like in India?
- Are there good restaurants in India?
- Where will I buy groceries and do other shopping in India?
- What are the visa & residency requirements in India?
- Are healthcare and health insurance expensive in India?
- What do I need to know when buying property in India?
- Are foreigners allowed to own property in India?
- What appliances are typically included in a rental?
Are foreigners allowed to own property in India?
If you live in India, newcomers to India would love to hear your answer to this question:
About the Author
Betsy Burlingame is one of the founders of InternationalTravel.ai and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and InternationalTravel.ai, Betsy worked at AT&T in International
and Mass Market Marketing. She graduated from Ohio Wesleyan University
with a BA in International Business and German. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
