Master Direction – Acquisition or Transfer of Immovable Property under Foreign Exchange Management Act, 1999 (Updated as on September 01, 2022)

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Acquisition and Transfer of Immovable Property

This Master Direction outlines the regulations for acquiring and transferring immovable property outside and within India under the Foreign Exchange Management Act, 1999.

Part I: Acquisition and Transfer of Immovable Property outside India

This part deals with the acquisition of property outside India by a person resident in India. It covers:

• Definitions of key terms
• Modes of acquiring property outside India, including through the Liberalised Remittance Scheme (LRS)
• Regulations for companies having overseas offices

Part II: Acquisition and Transfer of Immovable Property in India

This part deals with the acquisition and transfer of immovable property within India.

The Master Direction has been updated several times, with the latest updates being on September 01, 2022, June 6, 2022, April 11, 2018, and February 4, 2016.

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Download: Master Direction – Acquisition or Transfer of Immovable Property under Foreign Exchange Management Act, 1999 (Updated as on September 01, 2022)