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The NRI Property Regulation Act has been welcomed by many as it provides much-needed clarity and certainty to NRI Legal services regarding their rights and obligations with respect to property in India. However, some critics have raised concerns about the RBI approval requirement, arguing that it creates an unnecessary
The NRI Property Regulation Act has been welcomed by many as it provides much-needed clarity and certainty to NRI Legal services regarding their rights and obligations with respect to property in India. However, some critics have raised concerns about the RBI approval requirement, arguing that it creates an unnecessary bureaucracy and may deter some NRIs from investing in Indian property.
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