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of <h1>Foreign residents with branch offices in India can acquire property for business activities under FEMA regulations with RBI declaration required</h1> Foreign residents who establish branch offices or business places in India under FEMA regulations may acquire immovable property necessary for their permitted activities, excluding liaison offices. Such acquisition requires compliance with applicable laws and filing a declaration with the Reserve Bank within ninety days. The acquired property may be mortgaged to authorized dealers as security for borrowings. The regulation provides specific procedures for property acquisition by non-resident entities conducting business operations in India.
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