Thread: Thinking of buying property in India, anyone done similar?
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Old 02-05-2008, 01:26 PM
Sitara Village Sitara Village is offline
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Location: on Thong Nai Pan Noi beach, Koh Phangan, Thailand
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Originally Posted by JMBroad View Post
According to all my research, you can only buy property (land or built) in India if you are a) Person of Indian Origin (PIO) or b) Non-Resident Indian (NRI)

So in answer to your question, as far as I know, there is no legal way of buying in India for Non-Indians yet. There are a couple of ways to get around the law but I wouldn't advise it - it's an easy way to lose your investment if you get caught.
Thankyou for the information. Can foreigners own Indian companies? I'm thinking something on the lines of how it sometimes works (with complications) in Thailand.