OBS_VALUE: Branch/Project Offices of a foreign entity are permitted to acquire immovable property, other than agricultural land/farmhouse/plantation property, by way of purchase for their own use and to carry out permitted/incidental activities. However, entities from Pakistan, Bangladesh, Sri Lanka, Afghanistan, Iran, Bhutan or China are not allowed to acquire immovable property in India for a Branch/Project Office without prior RBI approval.New land acquisition bill, Land Acquisition, Rehabilitation and Resettlement Act 2013 has been in effect from 1st January, 2014. However there are no specific provisions related to land acquisition by foreigners.