In recent times, specially post Covid era, the global travel C wealth have grown in unexpected proportions. Alongside this, cross-border investments have become simpler. As a result, more and more Indians are actively looking to buy overseas property for lifestyle upgrades, rental income, portfolio diversification, and long-term wealth creation. From Dubai to London to Phuket, the interest in overseas property for Indian buyers has surged in the last decade.
But the biggest question remains:
Can Indians legally own property abroad—and if yes, what rules must they follow?
The short answer is YES, Indians can legally own overseas property, but the process must follow the Reserve Bank of India (RBI)’s Liberalised Remittance Scheme (LRS).
This guide breaks down everything you need to know.
The legality comes under the Foreign Exchange Management Act (FEMA) and RBI’s
Liberalised Remittance Scheme (LRS).
Under LRS, every resident Indian (adult or minor through guardian) can remit up to USD 250,000 per financial year for permissible capital and current account transactions.
Buying property abroad is specifically allowed under LRS.
This means you can buy overseas property using legally permitted remittances from India.
What the Liberalised Remittance Scheme (LRS) Allows
Here is what an Indian buyer can do under LRS:
⦁ Purchase residential or commercial real estate internationally
⦁ Acquire property individually or jointly
⦁ Invest in real estate vehicles abroad (REITs, property funds, etc.)
⦁ Pay property-related expenses: registration fees, legal fees, taxes
⦁ Take a property loan abroad (if allowed by that country)
This makes it completely legal, safe, and structured for Indians to invest in overseas property.
If you are looking to buy a property abroad, reach out to us on IVR no – +91-9355536474
Write to us : info@mypropshop.in
Follow us on FB @mypropshop / Insta @mypropshopind
