Yes, a foreign national who is a ‘person resident i n India’ within the meaning of Section 2(v) of FEMA, 1999 can purchase immovable property in India, but the person concerned would have to obtain the approvals and fulfil the requirements, if any, prescribed by other authorities, such as, the State Government concerned, etc. The onus to prove his/her residential status is on the individual as per the extant FEMA provisions, if required by any authority. However, a foreign national resident in India who is a citizen of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Nepal and Bhutan would require prior approval of the Reserve Bank.
The Attestation Cell in the CPV Division of the Ministry has been providing attestation services for authentication of educational, commerci...
👩🏻💼 NRI having NRE/NRO bank accounts can now use UPI with foreign mobile numbers. To begin with, NPCI will be enabling transactions from...