Foreign exchange management rules govern acquisition and transfer of immovable property, establishing regulatory authority and supplanting prior notification. Foreign exchange management regulations establish a regulatory framework titled Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) Regulations, 2018, promulgated under powers conferred by the Foreign Exchange Management Act and superseding the earlier notification; they take effect on publication in the Official Gazette and govern acquisition and transfer of immovable property in India under the foreign exchange legal regime.