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Who can purchase immovable property in India?
Under the general permission available, the following categories can freely purchase immovable property in India:
i) Non-Resident Indian (NRI) — that is a citizen of India resident outside India.
ii) Person of Indian Origin (PIO) — that is an individual (not being a citizen of Pakistan or Bangladesh or Sri Lanka or Afghanistan or China or Iran or Nepal or Bhutan), who
a. at any time, held Indian passport, or
b. who or his/her father or grandfather was a citizen of India by virtue of the Constitution of India or the Citizenship Act, 1955 (57 of 1955).
The general permission, however, covers only purchase of residential and commercial property and not for purchase of agricultural land/plantation property/farm house in India.

How many residential/commercial properties can NRIs/PIOs purchase under the general permission?
There are no restrictions on the number of residential/commercial properties that can be purchased.                                  

Can an office of a foreign company purchase immovable property in India?
A foreign company which has established a branch office or other place of business in India, can acquire any immovable property in India, which is necessary for or incidental to carrying on such activity. The payment for acquiring such a property should be made by way of foreign inward remittance through proper banking channel. On winding up of the business, the sale proceeds of such property can be repatriated only with the prior approval of Reserve Bank. However, if the foreign company has established a liaison office, it cannot acquire immovable property. In such cases, liaison offices can take property by way of lease not exceeding five years.

Can immovable property be acquired by way of gift?
Yes, NRIs and PIOs can freely acquire immovable property by way of a gift either from:
i)   a person resident in India or
ii)  an NRI or
iii) a PIO
However, the property can only be commercial or residential. Agricultural land/plantation property/farm house in India cannot be acquired by way of gift. (b) A foreign national of non-Indian origin resident outside India cannot acquire any immovable  property in India through a gift.

Can a Non-Resident Indian inherit immovable property in India?
Yes, a person resident outside India i.e.,
i)   an NRI
ii)  a PIO and
iii) a foreign national of non-Indian origin can inherit and hold immovable property  in India from a person who was resident in India. However, a citizen of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Nepal and Bhutan should seek specific approval of the Reserve Bank of India.