FEMA
The Foreign Exchange Management Act, which sets the rules for how NRIs and OCIs can buy property and move money in India.
FEMA is the Foreign Exchange Management Act, the law that governs foreign-exchange transactions in India, including how non-resident Indians and Overseas Citizens of India may buy property and move funds. For anyone buying in Dholera from abroad, FEMA sets the boundaries of what is allowed.
The core rule is a hard line. Under FEMA, NRIs and OCIs cannot buy agricultural land, plantation property or farmhouses in India. They can buy residential and commercial property. In Dholera this means a non-resident may only purchase a plot that is legally non-agricultural, and buying raw agricultural land would be a FEMA violation. NRIs may still inherit or receive agricultural land as a gift from a resident relative, but not buy it.
Money movement is also regulated. Payment must go through normal banking channels such as NRE, NRO or FCNR accounts, with no foreign cash, and repatriation is via the NRO route up to USD 1 million per financial year, subject to tax clearance. The penalty for buying prohibited property can run up to three times the amount. Because specifics matter, confirm your position with a lawyer. Read the NRI Guide to Buying in Dholera, and see the NRE / NRO Account and N.A. Land entries.