Rule 27 - Purchase or sale of immovable property by Foreign Embassies or Diplomats or Consulate Generals - Foreign Exchange Management (Non-debt Instruments) Rules, 2019

27. Purchase or sale of immovable property by Foreign Embassies or Diplomats or Consulate Generals - A Foreign Embassy or Diplomat or Consulate General may purchase or sell immovable property in India other than agricultural land or plantation property or farm house provided : (i) clearance from Government of India, Ministry of External Affairs is obtained for such purchase or sale; and (ii) the consideration for acquisition of immovable property in India is paid out of funds remitted from abroad through banking channels.