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of <h1>Foreign Entities Must Use Authorized Banking Channels for Property Transactions in India Under FEMA Regulations</h1> A statutory provision under Foreign Exchange Management regulations governing property transactions by non-residents. The rule mandates that acquisition or transfer of immovable property in India must be conducted through authorized banking channels and requires full compliance with applicable taxes and statutory levies in the country. The provision ensures regulated and transparent property transactions by foreign entities or individuals.
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