Investment vehicle access by non-residents permits acquisition and transfer of units subject to remittance, ownership and sectoral conditions. Non-residents (excluding Pakistan and Bangladesh) including RFPIs and NRIs may acquire, hold, transfer or redeem units of regulated Investment Vehicles (REITs, InvITs, AIFs) subject to Schedule 11: payment by inward remittance (including NRE/FCNR debit); disposals as per SEBI or RBI rules; pledge of units permitted to secure credit; AIF Category III with foreign investment limited to RFPI-eligible instruments; downstream investments treated as foreign if Sponsor/Manager/Investment Manager is not Indian owned and controlled and must conform to sectoral caps and LLP specific rules; reporting to RBI/SEBI required.