Can Foreign Companies Purchase Property In India?

Can Foreign Companies Purchase Property In India?

Can Foreign Companies Purchase Property In India?

Foreign individuals of non-Indian ancestry who reside outside India are not entitled to acquire immovable property in India unless they inherit it from a person who was a resident of India. In accordance with FERA / FEMA laws, a foreign firm that has established a Branch Office or other place of business in India can acquire any immovable property in India that is required or incidental to carrying on such activity.