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purchase an apartment

Querist : Anonymous (Querist) 04 June 2010 This query is : Resolved 
I'm a foreigner. I would like to purchase an apartment in India.
Is it possible to do it?
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A V Vishal (Expert) 04 June 2010
No. A foreign national of non-Indian origin, resident outside India cannot purchase any immovable property in India. But, he/she may take residential accommodation on lease provided the period of lease does not exceed five years. In such cases, there is no requirement of taking any permission of or reporting to Reserve Bank.
G. ARAVINTHAN (Expert) 04 June 2010
Only a citizen of India can buy immovable property in India
bhagwat patil (Expert) 05 June 2010
It very clear in A V V"s advice.

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