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<h1>RBI Updates Rules on Foreign Acquisition and Transfer of Property in India under FEMA Regulations 2018.</h1> The Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) Regulations, 2000, issued by the Reserve Bank of India, were published in the Official Gazette on May 8, 2000. These regulations were established under the authority granted by the Foreign Exchange Management Act, 1999. They outline the rules governing the acquisition and transfer of immovable property in India by foreign entities. This notification, identified as FEMA 21/2000-RB, has been superseded by Notification No. FEMA.21(R)/2018-RB, dated March 26, 2018.