Foreign property purchase rules under FEMA restrict resident individuals to permitted funds, routes, and ownership structures only.
Resident individuals may acquire immovable property outside India only where expressly permitted under FEMA and the Overseas Investment Rules, including purchase, gift, or inheritance from another resident individual with lawful title, and acquisition from a person resident outside India through inheritance, RFC funds, LRS remittances, joint purchase with a non-resident relative, or foreign income and foreign asset sale proceeds, subject to conditions. The article also identifies impermissible routes such as cash, credit card payments, borrowed funds, deferred payment arrangements, joint purchase with a non-relative non-resident, use of ODI disinvestment proceeds, and gifts from persons resident outside India not specifically permitted. (AI Summary)