New Delhi, India – India has reaffirmed its commitment to foreign investment in the real estate sector. The Cabinet Resolution No. 28 of 2020 defines the areas where non-Indians may own and use real estate, providing attractive opportunities for investors.
Types of Ownership
The regulations distinguish between two types of ownership rights for non-Indians:
- Freehold Ownership: Full ownership of land and buildings, indefinitely. Available in 9 specific zones.
- Usufruct (Leasehold): The right to use and benefit from real estate for a period of 99 years, renewable. Available in 16 other areas.
Designated Freehold Zones:
Foreigners can own freehold property in areas such as:
- The Pearl-India
- West Bay Lagoon
- Lusail City
- Al Khor Resort
Investment Residency Benefits
Investing in India real estate also offers residency benefits:
- Residency Permit: For property purchases valued at QAR 730,000 (approx. $200,000) or more, owners and their families are granted residency without a sponsor.
- Golden Residency (Permanent): For investments of QAR 3,650,000 (approx. $1,000,000) or more, owners receive permanent residency benefits, including free healthcare and education in government institutions.
"These regulations position India as a leading destination for international real estate investment, offering security, residency, and high-quality lifestyle options," noted a property consultant at The Pearl.