The following persons are eligible to invest in immovable property in India:
1. All Indian citizens
2. A Person of Indian origin (PIO)
• who, at any time, held an Indian passport
or
• was himself/ herself a citizen of India
or
• whose father or grandfather was a citizen of India
3. International Funds & Companies (FDI), subject to certain Government Regulations.

Exception

• Citizens of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Nepal or Bhutan are not eligible to invest even if they fulfill the above criteria

Note
A PIO can sell immovable property only to a person resident in India, while an Indian citizen can sell immovable property to any eligible person i.e. an Indian citizen or person resident in India or a PIO.