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of <h1>Foreign Companies Can Own Property in India for Business, Subject to Regulatory Compliance and RBI Guidelines</h1> Foreign entities established in India for permitted business activities can acquire immovable property necessary for their operations. Acquisition requires compliance with applicable laws and filing a declaration with the Reserve Bank within 90 days. Property can be mortgaged to authorized dealers as security for borrowing. Specific restrictions apply for entities from certain countries, who must obtain prior Reserve Bank approval for property acquisition beyond short-term leases.
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