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of <h1>Non-Resident Indians can repatriate property sale proceeds from two residential properties with Reserve Bank approval</h1> Foreign Exchange Management regulations restrict repatriation of immovable property sale proceeds outside India without Reserve Bank permission. Non-Resident Indians and Overseas Citizens of India may repatriate proceeds from non-agricultural property sales through authorized dealers if the property was lawfully acquired using foreign exchange through banking channels or specified accounts, with residential property repatriation limited to two properties. In cases of external commercial borrowing defaults, overseas lenders may sell secured immovable property to Indian residents and repatriate proceeds only toward outstanding loan dues.
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