<h1>India Tightens Rules on Immovable Property Acquisition by Non-Residents under FEMA; States Urged to Ensure Compliance.</h1> The Government of India has instructed State Governments to exercise caution in the acquisition and transfer of immovable property by non-residents, ensuring compliance with the Foreign Exchange Management Act (FEMA). This includes verifying the eligibility of both buyers and sellers, checking travel documents, and reviewing existing registrations for compliance. Foreign companies with a business presence in India can acquire necessary property under specific regulations. Foreign nationals residing in India for over 182 days with the intent to stay indefinitely may also acquire property. Concerns have arisen over illegal property purchases by foreign nationals, particularly in Goa, prompting government scrutiny.