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of <h1>Foreign Nationals Must Declare Indian Property Acquisition to RBI with Form IPI within 90 Days of Purchase.</h1> A person residing outside India who has established a branch, office, or other place of business in India, excluding a liaison office, must declare any acquired immovable property using Form IPI. This declaration, excluding citizens or Overseas Citizens of India, must be submitted to the Reserve Bank of India within 90 days of acquisition. The form requires details about the acquirer, property description, acquisition purpose, Reserve Bank permissions, acquisition date, method of acquisition, seller/lessor information, and funding sources. The declaration confirms the accuracy of the information and that the property is not leased or rented to others.
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