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Can Foreign Embassies/ Diplomats/ Consulate General purchase/ sell immovable property in India?

April 26, 2017consulate Embassies foreign immovable India Property purchase sell

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Can Foreign Embassies/ Diplomats/ Consulate General purchase/ sell immovable property in India?

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Yes. Reserve Bank has granted general permission to Foreign Embassies / Diplomats / Consulate Generals can purchase and sell any immovable property in India other than agricultural land / plantation property / farmhouse with prior clearance from the Government of India, Ministry of External Affairs. The consideration for acquisition should be made by foreign inward remittance through normal banking channel.