India
Are foreigners allowed to own property in India?
When we asked expats in India if foreigners are allowed to own property, they answered...
"Yes, foreigners are allowed to own property in India. However, there are certain restrictions and regulations that must be followed. Foreigners are only allowed to purchase residential or commercial property in India, and they must obtain prior approval from the Reserve Bank of India before doing so. Additionally, the property must be purchased in foreign exchange that has been remitted to India through normal banking channels. Furthermore, the property must be registered with the local authorities and the foreign exchange must be repatriated outside India after the sale of the property," explained one expat living in India.
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Other Questions:
- What do I need to know before moving to India?
- How do I find a place to live in India?
- What is a typical expat home or apartment like in India?
- What is the average cost of housing in India?
- Should I buy or rent a home in India?
- What should I pack when moving to India?
- What cultural faux pas should I try to avoid making in India?
- Why do people move to India?
- What are healthcare services like in India?
- What are medical services in India like?
- What are typical rents in India?
- What appliances are typically included in a rental?
Are foreigners allowed to own property in India?
If you live in India, newcomers to India would love to hear your answer to this question:
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International
and Mass Market Marketing. She graduated from Ohio Wesleyan University
with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
