Regulation 5A - Purchase / sale of Immovable Property by Foreign Embassies / Diplomats / Consulate Generals - Foreign Exchange Management (Acquisition And Transfer of Immovable Property In India) Regulations, 2000

1 5A. Purchase / sale of Immovable Property by Foreign Embassies / Diplomats / Consulate Generals. A Foreign Embassy / Diplomat / Consulate General may purchase / sell immovable property in India other than agricultural land / plantation property / farm house provided (i) clearance from Government of India, Ministry of External Affairs is obtained for such purchase / sale, and (ii) the consideration for acquisition of immovable property in India is paid out of funds remitted from abroad through banking channel. *********************** Note : 1. Has been inserted vide Notification No. 093/2003 dated 9/6/2003