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It is easy to understand why India is such a considerable detination for foreign investment - a stable 8% annual growth, rising foreign exchange reserves of almost US$ 166 bn and a greater than 22% increase in exports.
Indian residents can purchase freehold property as normal. In order to qualify as an Indian resident you would need to remain in the country for 182 consecutive days in one calendar year, and then register.
An easier option for a non-resident to own freehold is by forming a company in India and for that company to purchase the property.
The cost of forming a company is approximately £400. A non-resident may own 100% of the company's shares and purchase a freehold property. The process can be handles by lawyers and will take just a few weeks. |
