SIGN IN YOUR ACCOUNT TO HAVE ACCESS TO DIFFERENT FEATURES

FORGOT YOUR PASSWORD?

FORGOT YOUR DETAILS?

AAH, WAIT, I REMEMBER NOW!
Residential Builders in South Delhi, Real Estate Company, Construction in Delhi
  • Financial Partners
  • Investor’s Desk
    • Corporate Announcement’s Desk
    • Corporate Governance
    • Financial Information
    • Shareholding Pattern
  • Articles & Blogs
  • News & Media
  • Career
  • Home
  • About Grovy
    • Grovy Story
    • Management Team
    • What is EPP model?
    • Fun Facts
  • Projects
  • Service Profile
    • Construction Company in Delhi
    • Turnkey Solution
  • 360° Virtual Tour
  • Clients’s Speak
  • Contact
Follow Grovy India on facebookFollow Grovy India on InstagramFollow Grovy India Business Page
  • Home
  • Articles & Blogs
  • Articles & Blogs
  • How foreigner can buy real estate in India
Thursday, 28 May 2020 / Published in Articles & Blogs

How foreigner can buy real estate in India

Buying real estate

Purchasing a property in India is a fairly simple process, unless you are an NRI or foreign national. According to the rules and regulations in India, a foreign national cannot buy an immovable property in India. Any foreign national cannot own a property in India unless they satisfy few requirements. They need to have a residency requirement of 183 days in India in a financial year. Also, irrespective of their residential status, a non resident Indian or foreign national cannot, without prior permission of the Reserve Bank, acquire or transfer immovable property in India, other than on lease, not exceeding five years. The rules further vary for kew countries like for citizens of Citizens of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Nepal, Bhutan, Macau or Hong Kong.

Thus foreign buyer of property can be classified into 3 categories –

  • Non Resident Indian (NRI)
  • Overseas Citizen of India (OCI)
  • Foreign nationals with or without residency

For a foreigner to buy property in India, it must be very clear that he or she is settled in the country and intends to stay. Talk to the experts at Grovy to find the best property to invest.

  • Tweet
Tagged under: property developer in South Delhi, real estate market

What you can read next

Real Estate Luxury Flats
How Luxury Flats Are The Game Changer In The Real Estate Business?
Luxury Apartments Flats or Villas
Luxury Apartments, Flats or Villas for sale – Wide range to choose!
Reconstruction Solution
Reconstruction Solution

Categories

  • Articles & Blogs
  • News & Media
    • Broker Events
    • Property News in Delhi, NCR
    • Real Estate Industry

Recent Posts

  • Budget expectations 2021

    Budget 2021 Expectations LIVE: What India Inc. wants from Modi government, Nirmala Sitharaman?

    Publication: Zee Business, 20th Jan 2021 Budget...
  • Builder Floor in Delhi

    Demand for independent floors in south Delhi, Gurgaon increases

    Publication: The Economic Times, Jan 11, 2021, ...
  • Real estate trends in 2021

    The luxury real estate trends to watch for in 2021

    January 5, 2021 Nishit Jalan in Voices, Economy...
  • Posh Residential Areas in Delhi

    Delhi’s most expensive and posh residential areas

    In this article, we look at the top 10 posh loc...
  • Mr Ankur Jalan

    Real estate industry in the post-COVID-19 world

    Publication: 99 Acres Expert Speak | Nov 26, 20...
Grovy India

Grovy India

Grovy India limited was established in the year 1985, with a purpose of developing extraordinary real estate properties that would change the scenario of the construction industry.

Equipped with teams of skilled and experienced engineers, architects, planners and designers Grovy has established itself as developers of ‘Boutique Apartments’.

COMPANY

  • Home
  • About Grovy
  • Grovy Projects
  • Service Profile
  • 360° Virtual Tour
  • Client’s Speak
  • Investor’s Desk
  • Contact
  • Financial Partners
  • Investor’s Desk
  • Articles & Blogs
  • News & Media
  • Career

CONTACT

Grovy India Limited
122, Vinobapuri, Lajpat Nagar 2,
New Delhi - 110024, India

Mobile: +91-9810522153
Phone: +91-11-46740000

Email: info@grovyindia.com

© Grovy India Limited. All rights reserved • Powered By Talking Image

TOP