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of <h1>Non-resident property holders protected under Regulation 12 grandfathering clause for existing lawful acquisitions</h1> Regulation 12 provides a saving clause for existing holdings of immovable property in India by non-resident persons. Properties acquired in compliance with policies existing at the time of acquisition remain valid and do not require modifications to conform to the 2018 regulations. This grandfathering provision protects previously lawful acquisitions from retrospective application of new regulatory requirements, ensuring legal continuity for existing property holdings by foreign residents.
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