Get MOFA- STATEMENT OF OBJECTS AND REASONSpdf - Real Estate India

Yes, a foreign company can purchase property in India, subject to certain conditions and restrictions. The purchase of property by a foreign company in India is governed by the Foreign Exchange Management Act (FEMA) and the rules and regulations issued by the Reserve Bank of India (RBI).

A Non-Resident Indian or a Foreign national such as UK, US or Canadian citizens can inherit the property in India from anyone including their relatives.

Answer: A resident individual can send remittances under the Liberalised Remittance Scheme (LRS) for purchasing immovable property outside India.

A foreign company which has established a Branch Office or other place of business in India, in ance with FERA / FEMA regulations, can acquire any immovable property in India, which is necessary for or incidental to carrying on such activity.

Yes, a foreign company can purchase property in India, subject to certain conditions and restrictions. The purchase of property by a foreign company in India is governed by the Foreign Exchange Management Act (FEMA) and the rules and regulations issued by the Reserve Bank of India (RBI).

The guidelines also state that one can buy any number of residential or commercial properties. However, they are not permitted to invest in farmland, plantation land, and agriculture land. But, they can inherit the agricultural land/plantation property/ farmland.

A Non-Resident Indian or a Foreign national such as UK, US or Canadian citizens can inherit the property in India from anyone including their relatives.

The acquisition of real estate by foreign entities can be undertaken through Foreign Direct Investment (FDI) which must be read along with the Foreign Exchange Management Act, 1999.

Answer: A resident individual can send remittances under the Liberalised Remittance Scheme (LRS) for purchasing immovable property outside India.

Inherited Property NRIs can inherit any immovable property in India, such as residential, commercial, or agricultural property, from a person resident or abroad. The transfer must comply with Foreign Exchange Management Act (FEMA) regulations.

A foreign company which has established a Branch Office or other place of business in India, in ance with FERA / FEMA regulations, can acquire any immovable property in India, which is necessary for or incidental to carrying on such activity.

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.

The guidelines also state that one can buy any number of residential or commercial properties. However, they are not permitted to invest in farmland, plantation land, and agriculture land. But, they can inherit the agricultural land/plantation property/ farmland.

Any NRI can purchase land in India. This can be for residential or commercial purposes. There is no restriction or limitation on purchase of property by NRI in India. Also, NRIs do not need any special permission from the Reserve Bank of India (RBI).

Answer: Payment for immovable property has to be received in India through banking channels and is subject to payment of all taxes and other duties/ levies in India. The payment can also be made out of funds held in NRE/ FCNR(B)/ NRO accounts of the NRIs/ OCIs.

The acquisition of real estate by foreign entities can be undertaken through Foreign Direct Investment (FDI) which must be read along with the Foreign Exchange Management Act, 1999.

Foreigners residing in India, who have obtained valid long-term visas or resident permits, are eligible to purchase property in the country. Similar to foreigners residing outside of India, they need to adhere to certain conditions, such as the intended use of the property for residential purposes only.

Inherited Property NRIs can inherit any immovable property in India, such as residential, commercial, or agricultural property, from a person resident or abroad. The transfer must comply with Foreign Exchange Management Act (FEMA) regulations.

Yes, a foreign company can purchase property in India, subject to certain conditions and restrictions. The purchase of property by a foreign company in India is governed by the Foreign Exchange Management Act (FEMA) and the rules and regulations issued by the Reserve Bank of India (RBI).

If an NRI purchases immovable property in India from a resident, he must deduct TDS at 1% if the sale consideration exceeds Rs 50 lakh. If the NRI purchases a property from a non-resident, and if long-term capital gains are applicable, then TDS should be deducted at 20%.

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.

A Non-Resident Indian or a Foreign national such as UK, US or Canadian citizens can inherit the property in India from anyone including their relatives.

Any NRI can purchase land in India. This can be for residential or commercial purposes. There is no restriction or limitation on purchase of property by NRI in India. Also, NRIs do not need any special permission from the Reserve Bank of India (RBI).

Answer: A resident individual can send remittances under the Liberalised Remittance Scheme (LRS) for purchasing immovable property outside India.

Answer: Payment for immovable property has to be received in India through banking channels and is subject to payment of all taxes and other duties/ levies in India. The payment can also be made out of funds held in NRE/ FCNR(B)/ NRO accounts of the NRIs/ OCIs.

Foreigners residing in India, who have obtained valid long-term visas or resident permits, are eligible to purchase property in the country. Similar to foreigners residing outside of India, they need to adhere to certain conditions, such as the intended use of the property for residential purposes only.

A foreign company which has established a Branch Office or other place of business in India, in ance with FERA / FEMA regulations, can acquire any immovable property in India, which is necessary for or incidental to carrying on such activity.

If an NRI purchases immovable property in India from a resident, he must deduct TDS at 1% if the sale consideration exceeds Rs 50 lakh. If the NRI purchases a property from a non-resident, and if long-term capital gains are applicable, then TDS should be deducted at 20%.

The guidelines also state that one can buy any number of residential or commercial properties. However, they are not permitted to invest in farmland, plantation land, and agriculture land. But, they can inherit the agricultural land/plantation property/ farmland.

The acquisition of real estate by foreign entities can be undertaken through Foreign Direct Investment (FDI) which must be read along with the Foreign Exchange Management Act, 1999.

Inherited Property NRIs can inherit any immovable property in India, such as residential, commercial, or agricultural property, from a person resident or abroad. The transfer must comply with Foreign Exchange Management Act (FEMA) regulations.

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.

Any NRI can purchase land in India. This can be for residential or commercial purposes. There is no restriction or limitation on purchase of property by NRI in India. Also, NRIs do not need any special permission from the Reserve Bank of India (RBI).

Answer: Payment for immovable property has to be received in India through banking channels and is subject to payment of all taxes and other duties/ levies in India. The payment can also be made out of funds held in NRE/ FCNR(B)/ NRO accounts of the NRIs/ OCIs.

Foreigners residing in India, who have obtained valid long-term visas or resident permits, are eligible to purchase property in the country. Similar to foreigners residing outside of India, they need to adhere to certain conditions, such as the intended use of the property for residential purposes only.

If an NRI purchases immovable property in India from a resident, he must deduct TDS at 1% if the sale consideration exceeds Rs 50 lakh. If the NRI purchases a property from a non-resident, and if long-term capital gains are applicable, then TDS should be deducted at 20%.