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Can a foreign national or non Indian origin resident outside India acquire any immovable property in India by way of purchase?

April 26, 2017acquire foreign immovable India indian National origin outside Property resident

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Can a foreign national or non Indian origin resident outside India acquire any immovable property in India by way of purchase?

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A. No, under Section 2 (zed) of the Foreign Exchange Management Act, 1999 ‘transfer’ includes among others, ‘purchase’. Therefore, a foreign national of non-Indian origin resident outside India can not acquire any immovable property in India by way of purchase.