Are foreigners allowed to own property in Mumbai?
When we asked expats in Mumbai if foreigners are allowed to own property, they answered...
"Yes, foreigners are allowed to own property in Mumbai. The Indian government has made it possible for foreign nationals to purchase property in India, provided they meet certain criteria. Foreigners must obtain permission from the Reserve Bank of India before they can purchase property in India. Additionally, they must have a valid visa and must provide proof of their source of income. Furthermore, they must also pay taxes on the property they purchase," mentioned another expat when asked about moving to Mumbai, India.
Other Questions:
- What do I need to know before moving to Mumbai?
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Are foreigners allowed to own property in Mumbai?
If you live in Mumbai, newcomers to Mumbai would love to hear your answer to this question: