Can foreign citizens own property in India?

Foreign nationals of non-Indian origin resident outside India can acquire/ transfer immovable property in India, on lease not exceeding five years and can acquire immovable property in India by way of inheritance from a resident.

Can I own property in India with OCI?

As per the guidelines issued by Reserve Bank of India, an NRI or OCI card holder can invest in any residential or commercial property. The guidelines also state that one can buy any number of residential or commercial properties. But, they can inherit the agricultural land/plantation property/ farmland.

Can Indian born US citizen buy property in India?

Reserve Bank of India given permission for NRIs, PIOs & OCIs that they can buy immovable property in India without any restrictions. With this permission, the NRIs, PIOs & OCIs can purchase only the residential and commercial property in India.

Can US citizens buy agricultural land in India?

NRIs can only purchase commercial and residential properties in India. This also is subject to specific rules, and taxation applies to the purchase of property in India by NRIs. Regarding agricultural land, NRIs are NOT allowed to purchase agricultural land, farmland, farmhouses, or plantations in India.

Can a foreigner inherit property in India?

Can green card holder buy property in India?

A: No. A foreign national of non-Indian origin, resident outside India cannot purchase any immovable property in India unless such property is acquired by way of inheritance from a person who was resident in India.

Can I buy property in India as a US citizen?

However such buyers should check with their lawyers before buying any property as they might require approvals from other authorities such as the State Government, etc. You are a US citizen means for India a foreign national. A foreign national or resident outside India cannot buy immovable property in India.

Can a resident outside India hold immovable property in India?

No, But A person resident outside India can hold immovable property acquired by way of inheritance from a person resident in India as per the provisions of Section 6 (5) of the Foreign Exchange Management Act, 1999.

Can a foreigner buy agricultural property in India?

This means that foreign owners (even Indian citizens living abroad) are prohibited from buying agricultural properties of any kind. It is difficult for foreign nationals to buy property in India. A non-resident cannot buy property at all unless they are of Indian heritage.

Can a Pio hold immovable property in India while resident?

Yes, under the provisions of Section 6 (5) of the Foreign Exchange Management Act, 1999, PIO who had acquired immovable property in India while he was a person resident in India may continue to hold such property.