Regulation 5 - Purchase/ sale of Immovable Property by Foreign Embassies/ Diplomats/ Consulate Generals - Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) Regulations, 2018

5. 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 channels.