Yes, Non-Resident Indians (NRIs) can purchase immovable assets in India without requiring special permissions from the Reserve Bank of India (RBI), according to FEMA
(Foreign Exchange Management Act) regulations. Here are a few guidelines to follow:
There are certain do’s and don’ts for NRIs investing in Indian realty. NRIs are only allowed to purchase residential and commercial properties in India. An NRI buying agricultural land in India, as well as farmhouses and plantations, are restricted as they don’t fall into those two categories. If an NRI buying property in India still wants to invest in one of these forms of real estate, they can submit a special request for the same to the RBI. Such instances are reviewed on a case-by-case basis by the RBI, taking into account the circumstances around the particular request. Under special circumstances.