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Can China people buy villas in India?
China people can't buy villas in India. According to relevant information, India does not sell houses, and all houses in India are privately owned, so you need to buy land from private hands before buying a house. And China people want to buy a house abroad, they have to apply for immigration before they can buy a house abroad. China residents are not allowed to buy houses overseas. Buying a house overseas is defined by the foreign exchange bureau as overseas investment, not consumption. Overseas investment belongs to this item. In China, this is very strict. According to the policy of the foreign exchange bureau, domestic enterprises can invest abroad, such as setting up factories, mergers and acquisitions, equity participation and setting up subsidiaries. The processes and operations of these businesses are clearly defined. However, apart from the policies related to special purpose companies, there are no other policies for domestic residents to invest abroad. The only foreign exchange business that domestic residents can handle through the foreign exchange bureau is the transfer and inheritance of immigrants, as well as the newly launched overseas listed companies. And there is no provision for investing in buying a house abroad.
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