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of <h1>RBI Regulates Acquisition and Transfer of Immovable Property Abroad; Residents Need Permission for Transactions Under 2015 Rules.</h1> The Foreign Exchange Management (Acquisition and Transfer of Immovable Property outside India) Regulations, 2015, issued by the Reserve Bank of India, govern the acquisition and transfer of immovable property outside India by residents. These regulations, effective from their publication date, restrict such transactions without RBI's permission, except for properties held by Indian residents who are foreign nationals or acquired before July 8, 1947. Residents may acquire property abroad via gift, inheritance, or purchase using foreign exchange in a Resident Foreign Currency account. Indian companies with overseas offices can acquire property for business and staff residential purposes, following RBI guidelines.
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