Immovable property transfers by non-residents are generally prohibited, subject to permitted secured lending and banking-channel exceptions. Persons resident outside India are generally prohibited from transferring immovable property in India, subject to permissions and specified ... Summary
Foreign Exchange Management (Borrowing or Lending In Foreign Exchange ) Regulations, 2000
Immovable property transfers by non-residents are generally prohibited, subject to permitted secured lending and banking-channel exceptions.
Persons resident outside India are generally prohibited from transferring immovable property in India, subject to permissions and specified secured-lending arrangements. Authorised dealers may permit charges securing external commercial borrowings and may create mortgages over property owned by an NRI or OCI director for an overseas company's borrowing, subject to prescribed conditions. Lawfully acquired property may be transferred by a person resident outside India to a resident through banking channels if the resident is otherwise eligible to acquire it.
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