Foreign investment in real estate in india?

what is required for a foreign investor to invest in real estate in india

The Reserve Bank of India regulates foreign ownership of property in that country.

Although FDI (Foreign Direct Investment) in the Indian real estate sector was first permitted in 2005, and is allowed to the extent of 100% foreign ownership (conditional), the intent was to encourage financial investment in the commercial sector. This relaxation of the nation's foreign property ownership laws is what has driven the recent boom in the Indian real estate market.

An updated FAQ item dated Feb. 1st, 2007: "Acquisition and Transfer of Immovable Property in India by a person resident outside India" on the Bank of India website www.rbi.org states that:

"A foreign national of non-Indian origin, resident outside India cannot purchase any immovable property in India".

IThough this clearly refers to individuals, (as opposed to foreign owned corporations), have read that the bank has made exceptions for individuals if certain conditions are met, but would have to verify with contacts there. See additional International Buyer resources and credentials in source below.

Good Luck, and hope this helps.

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