Repatriation of immovable-property sale proceeds requires compliant acquisition, eligible funding, and residential-property limits for non-resident sellers. Repatriation of sale proceeds from immovable property by an NRI or OCI is permitted for property other than agricultural land, farm houses or plantation ... Summary
Repatriation of immovable-property sale proceeds requires compliant acquisition, eligible funding, and residential-property limits for non-resident sellers.
Repatriation of sale proceeds from immovable property by an NRI or OCI is permitted for property other than agricultural land, farm houses or plantation property where acquisition complied with the applicable foreign exchange framework, consideration was paid through permitted foreign exchange or eligible non-resident account funds, and the residential-property limit is observed. Following default on an external commercial borrowing, secured property may be sold only to an Indian resident, with repatriation restricted to dues under that borrowing.
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