Foreign diplomatic property transactions in India require external affairs clearance and overseas banking remittances, excluding agricultural and plantation property. Foreign Embassies, Diplomats and Consulate Generals may purchase or sell immovable property in India other than agricultural land, plantation property and ... Summary
Foreign diplomatic property transactions in India require external affairs clearance and overseas banking remittances, excluding agricultural and plantation property.
Foreign Embassies, Diplomats and Consulate Generals may purchase or sell immovable property in India other than agricultural land, plantation property and farm houses. Prior clearance from the Ministry of External Affairs, Government of India, is required for every purchase or sale. Consideration for acquiring permitted immovable property must be paid from funds remitted from abroad through banking channels.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.