11A.9
- Document type
- Manual
- Dated
- Category
- Exchange Management Manual
Immovable Property in India
Under Section 31 of FERA 1973, foreign companies/foreign nationals are required to obtain permission of Reserve Bank to acquire, hold, transfer or dispose of in any manner (except by way of lease for a period not exceeding 5 years) any immovable property in India. Regulations governing such transactions in immovable properties in India are set out in Part E.