India is a fertile ground for property investment, for domestic and international investors. The Land Acquisition act, relaxation in FDI rules and Real Estate Regulatory Bill have made it so that NRIs benefit more and more in the domain of property purchase. The RBI grants permission to NRIs to trade land through foreign exchange through Indian Banks, or through NRE/FCNR accounts. A copy of purchase documents must be submitted to the RBI central office within a period of 90 days post the purchase. No official permissions are required for the purchase, making it an easy affair.