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Property

FERA

Welcome to our lesson on the Foreign Exchange Regulation Act (FERA) of 1973. This act was put in place to regulate various financial transactions related to foreign exchange, securities, and the import/export of currency. It also addresses the acquisition of immovable property by foreigners. It is important to note that under Section 31 (1) of FERA, foreign corporations that are not incorporated in India must obtain permission from the Reserve Bank of India (RBI) before acquiring, holding, transferring, or disposing of any immovable property in India, except for a lease of up to five years.

Serviced accommodation

A knowledgeable finance professor would explain that when a landlord offers a range of services beyond the maintenance of a building or its installations, it is referred to ...

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Zone

Real estate is the industry that deals with land and buildings, and it encompasses a wide range of terms and concepts. One important concept in real estate is zoning, which ...

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Building bye laws

One of the key concepts in finance is local authority control of building standards. This refers to the set of regulations and guidelines put in place by local governments t...

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User

Property utilization refers to the utilization of a property or the right over it. This includes the enjoyment or use of such property for personal or commercial purposes. F...

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