Foreign nationals' property acquisition restrictions: nationality and residency determine RBI permission and lease or inheritance limits.

Whether foreign nationals may acquire immovable property in India is governed by nationality and residential status. Citizens of certain specified countries are prohibited from acquiring or transferring immovable property except with prior Reserve Bank permission and otherwise may only take leases not exceeding five years; this prohibition excludes Overseas Citizen of India holders. Non Indian origin foreign nationals resident in India may acquire immovable property, while those resident outside India are limited to short leases and inheritance acquisition; other transactions require Reserve Bank permission.

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