Foreign nationals seeking to purchase immovable property in India are set to face increased scrutiny. Taking a serious note of the foreign nationals acquiring immovable properties illegally in India, the Centre on Sunday asked the state governments to keep an eye on such transactions across the country.
It has come to the notice of the Central government that foreign nationals are buying immovable property illegally in some parts of the country, particularly in Goa, which has raised concerns, the Ministry of Finance said in a statement.
The increased scrutiny could include verification of relevant travel documents and the nature of visa before registration of such sale or purchase by state governments.
More : economictimes.indiatimes.com
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