Acquisition of immovable Property by Foreign Embassies/ Diplomats/ Consulate Generals

In terms of Regulation 5A of the Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) Regulations 2000, Foreign Embassy / Diplomat / Consulate General, may purchase/ sell immovable property (other than agricultural land/ plantation property/ farm house) in India provided–

1. Clearance from the Government of India, Ministry of External Affairs is obtained for such purchase/sale,and
2. The consideration for acquisition of immovable property in India is paid out of funds remitted from abroad through the normal banking channels

"Other than agricultural land/ plantation property / farm house"