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of <h1>Foreign Nationals Can Retain Previously Acquired Indian Immovable Property Under Existing Regulatory Frameworks Without Modification</h1> A foreign national who previously acquired immovable property in India under prior regulatory frameworks is permitted to retain that property without needing to modify or adjust the holding to comply with new Foreign Exchange Management (Non-debt Instruments) Rules, 2019. The provision ensures continuity and prevents retroactive application of updated regulatory requirements for existing property acquisitions.
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