Repatriation of sale proceeds: conditions for outward transfer from immovable property sales by non residents and secured loan defaults. Repatriation of sale proceeds is subject to central monetary authority permission; authorised dealers may permit outward transfer on sale by NRIs/OCIs of non agricultural immovable property if acquisition complied with foreign exchange law, purchase was funded by permitted foreign currency banking channels or from FCNR/NRE accounts, and residential repatriation is limited to two properties. In ECB default secured by immovable property, authorised dealer banks may allow the overseas lender or security trustee to sell only to an Indian resident and repatriate proceeds exclusively for repayment of that secured borrowing.