Land purchase by other citizen
NICSON JOHN (514 Points)
06 August 2022
can an australian citizen buy property in india?pls reply thanks in advance
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177840 Points)
Replied 06 August 2022
1. An NRI can own residential and commercial properties in India, and they can own as many properties as they want. however, the rules restrict NRI to purchase agricultural land, farms, and plantations in India. An NRI can possess such properties, only if it is endowed or inherited.
2. The foreign nationals residing outside India are not eligible to buy properties in India. However who resides in India, according to the FEMA act, the foreigners should follow the two conditions to be considered as a resident of India and buy India property. The foreigner must reside in India for more than 182 days during the financial year. They can stay in India continually for 182 days as an employer or doing business or enjoy the vacation or any for any other purpose to prove their intention to reside in India.
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