Foreign acquisition of immovable property for permitted Indian business requires regulatory compliance, timely declaration, and restricted-country approval. A person resident outside India that has established a qualifying branch, office or other place of business may acquire immovable property necessary for ... Summary
Foreign Exchange Management (Establishment in India of a branch office or a liaison office or a project office or any other place of business) Regulations, 2016
Foreign acquisition of immovable property for permitted Indian business requires regulatory compliance, timely declaration, and restricted-country approval.
A person resident outside India that has established a qualifying branch, office or other place of business may acquire immovable property necessary for or incidental to its Indian business activity, excluding liaison offices. Acquisition requires compliance with applicable law and filing Form IPI with the Reserve Bank within ninety days. The property may be mortgaged to an authorised dealer for borrowings. Specified persons require prior Reserve Bank approval, except for leases not exceeding five years.
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