Submitted By: Saurabh Kesarwani
FAQs on Purchase of Immoveable Property
These FAQs outline the regulations prescribed by the Reserve Bank of India under the Foreign Exchange Management Act (FEMA) relating to the purchase of immovable property in India and abroad. They clarify eligibility of residents and non-residents, permitted modes of acquisition, payment and funding sources, repatriation or sale proceeds, and compliance requirements, helping individuals and entities understand the legal framework governing property transactions. Last Updated On: 06 April, 2023
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