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of <h1>Non-resident persons must file Form IPI within 90 days of acquiring immovable property in India under FEMA 2000</h1> This regulation establishes Form IPI under FEMA 2000 for declaring immovable property acquired in India by non-resident persons. The form must be submitted in duplicate to the Reserve Bank of India within 90 days of property acquisition, accompanied by certified copies of RBI approval letters. Required information includes acquirer details, property description and location, acquisition purpose, acquisition date, purchase/lease method, seller information, and funding sources. The acquirer must declare information accuracy and confirm no unauthorized third-party use of the property.
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