Buying property in India

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§   The process of buying a house can be condensed into these steps:

  • Figure out how much you can afford
  • Decide the location
  • check resale values
  • Check your loan eligibility
  • Registration and stamp duty 
  • Agent 
  • Property type
  • Rental value of property

Ø   Is it legal to buy property in india?

To legally purchase property in india as an individual without the permission of the Reserve Bank of India (RBI), a foreigner has to qualify as a 'person resident in India' under Section 2(v) of the Foreign Exchange Management Act (FEMA).


Ø   Can a foreigner buy a 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.








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