MrsFychan

so I found out today that in India if you are not a resident you are not allowed to buy property you have to rent. maybe a way forward to stop the glut of overseas investors.

Moses2013

But don't they always find a way around it. You just register a company in India etc. I know they are catching up on this now but money always rules.

MrsFychan

the only way round it seemed to be to have a Indian resident on the paperwork/deeds.

Moses2013

This link seems to explain it:
FDI Norms for Investment in Property
A foreign national can invest in India in the following instances:
In case of development of serviced housing plots, the minimum land is 25 acres
For construction-development projects, a minimum built up area of 50,000 sq. meters.
In case of a combination project, any one of the above conditions would suffice
Minimum capitalization of USD 10 million for wholly owned subsidiaries and USD 5 million for joint ventures with Indian partners
Original investment cannot be repatriated before a period of three years from fulfilling minimum capitalization requirements. The investor may be permitted earlier repatriation with prior government approval.
Investments under above mentioned instances includes the development of townships, residential developments, retail malls, commercial office spaces and IT parks, hotels and leisure resorts. Foreign developers may also invest in infrastructure projects, subject to the above parameters. However, an investor is not permitted to sell undeveloped plots, nor is the investor permitted to invest in plantations, agricultural land, or farm houses in India.
Investment by Foreign Nationals in Immovable Property Situated In India | LawQuest