https://www.taxtmi.com/news?id=730 Authorities must verify FEMA eligibility, inspect travel documents and visa to establish intention to stay, and may review prior registrations before registering sale or purchase of immovable property involving persons resident outside India. Foreign companies with an established branch may acquire property necessary or incidental to business subject to Regulation 5. Foreign nationals meeting the statutory residency and intention-to-stay criteria are treated as person resident in India and may acquire immovable property; Indian citizens and persons of Indian origin resident abroad may acquire property other than agricultural land, plantation or farmhouse. en-us Mon, 02 Feb 2009 23:11:15 +0530 Mon, 02 Feb 2009 23:11:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=730 Authorities must verify FEMA eligibility, inspect travel documents and visa to establish intention to stay, and may review prior registrations before registering sale or purchase of immovable property involving persons resident outside India. Foreign companies with an established branch may acquire property necessary or incidental to business subject to Regulation 5. Foreign nationals meeting the statutory residency and intention-to-stay criteria are treated as person resident in India and may acquire immovable property; Indian citizens and persons of Indian origin resident abroad may acquire property other than agricultural land, plantation or farmhouse. News - Mon, 02 Feb 2009 23:11:15 +0530 https://www.taxtmi.com/news?id=730