Who Can Buy Properties In Himachal Pradesh?
Himachal Pradesh, often referred to as the Land of Gods, is not only a haven for nature lovers and adventurers but also a burgeoning hub for real estate investment. However, the question “Can non-Himachali or any Indian buy property in Himachal Pradesh?” often puzzles many. This blog aims to clarify the eligibility criteria, and legal aspects, and introduce two exquisite property options available to all Indian buyers.
Who is Eligible to Buy Property in Himachal Pradesh?
- Understanding who can invest in Himachal’s real estate is crucial. The state’s policies cater to different categories of buyers:
- Permanent Residents: Those who have lived in Himachal Pradesh for a specific duration can buy both agricultural and non-agricultural land.
- Non-Resident Indians (NRIs): NRIs can invest in residential, commercial, or industrial properties but not agricultural land.
- Other Indian Citizens: Residents of other Indian states can purchase pre-constructed properties like houses and apartments in urban areas, but are restricted from buying agricultural land.
The Legal Framework and Restrictions
The Himachal Pradesh Tenancy and Land Reforms Act governs property purchases in the state. Key aspects include: Section 118: Non-residents need state government permission to buy property, with ownership rights limited to the structure, not the land.
Related Posts