IPI ( See Regulation 5 ) Declaration of immovable property acquired in India by a person resident outside India Instructions: The declaration should be completed in duplicate and submitted directly to the Chief General Manager, Exchange Control Department, (Foreign Investment Division - III), Reserve Bank of India, Central Office, Mumbai-400 001 within 90 days from the date of acquisition of the immovable property. Documentation: Certified copies of letter of approval from Reserve Bank obtained under section 6(6) of FEMA, 1999 (42 of 1999). 1 Full name and address of the acquirer who has acquired the immovable property 2 (a) Description of immovable property (a) (b) Details of its exact location s ating the name of the state, town and municipal/survey number, etc. (b) 3 (a) Purpose for which the immovable property has been acquired ( ) (b) Number and date of Reserve Bank's permission, if any, (b) 4 Date of acquisition of the immovable property 5 (a) How the immovable property was acquired i.e, whether by way of purchase or lease (a) 2 (b) Name, citizenship and address of the seller/lessor (b) (c) Amount of purchase price and sources of funds. (c) I/We hereby declare that - (a) the particulars given above are true and correct to the best of my/our knowledge and belief ; (b) no portion of the said property has been leased/rented to, or is otherwise being allowed to be used by, any other party . Encls: .............. (Signature of Authorised official) Stamp Place....... Name ............. Date......... Designation:...........
