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of <h1>Foreign nationals from 11 countries need Reserve Bank approval to buy immovable property in India under FEMA regulations</h1> Citizens of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Nepal, Bhutan, Hong Kong, Macau, or North Korea are prohibited from acquiring or transferring immovable property in India without prior Reserve Bank permission. The restriction covers both natural persons and legal entities but excludes lease agreements not exceeding five years. Overseas Citizens of India are exempted from this prohibition under the Foreign Exchange Management regulations governing immovable property transactions.
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