Restriction on residents acquiring foreign property: exceptions include foreign nationals, historic holdings with central bank permission, and short leases. Restrictions on a resident acquiring immovable property outside India do not apply where the resident is a foreign national; where the property was ... Summary
Restriction on residents acquiring foreign property: exceptions include foreign nationals, historic holdings with central bank permission, and short leases.
Restrictions on a resident acquiring immovable property outside India do not apply where the resident is a foreign national; where the property was acquired before independence and continued to be held after obtaining permission from the central banking authority; or where the property is acquired on a lease not exceeding five years.
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