Immovable property outside India can be acquired by following persons:
Person Resident In India
Indian Nationals Resident Outside India
Foreign Nationals Resident in / Outside India
1.
By way of gift or inheritance from any person resident in India but who was a non- resident and had acquired the property while he was a non-resident
No restrictions
2.
By purchase out of funds held in RFC Account
Branches/Trading Offices of Indian Companies
Foreign Subsidiaries of Indian Companies
Foreign Companies
For their business
Residence of their staff
