In India, the foreigners aren’t permitted to buy any type of immovable properties on a tourist visa or under normal condition. One can only buy a property if she or she satisfies the condition of a continuous residency of one hundred and eighty-three days in the country. No such custom rule is there which will allow the foreigner who is non-eligible for the property purchase to buy one with a person who is eligible.

When a foreigner satisfies the condition of living in the country for one hundred and eighty-three days, then he can purchase a property in the country without the permission from RBI. This particular right is not given to the nationalists of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Nepal and Bhutan.

If a non-eligible wants to get a property on leasehold, he or she can freely get one for a lease of five years. But even then, the individuals won’t be granted a complete title ownership. A foreign company with it’s branch in India will be able to acquire an immovable property in the country.

For the NRIs, the Indian government does not lay a single rule, which states that they cannot acquire a property in the country. In this Asian country, no rule is imposed on the fact of buying more than one property.

• In order to buy a property in the country, one needs to hire a real estate attorney first. This is to make oneself familiarize with the rules and regulations of the country.
• After you will choose the property, you need to negotiate a price with the seller.
• If the seller agrees with the offered price, it is the job of your attorney to file up the Agreement of Sale.
• After signing, you need to pay a security deposit of 10% to 20% of the purchase price of the concerned property.
• The lawyer will do the necessary surveys required to ensure that the property doesn’t have any type of drawback.
• Once you will be satisfied with the reports of the surveys, you can obtain the title from the selling party.
• The remaining balance amount will be paid and then the transfer deed will be taken to get the property registered.