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of <h1>Non-Resident Property Sales in India: Repatriation Rules Explained Under Foreign Exchange Management Guidelines</h1> Statutory provisions regulate repatriation of sale proceeds for immovable property by non-residents in India. Non-residents can repatriate sale proceeds under specific conditions: property must be acquired legally through foreign exchange, purchased via banking channels or specific accounts, and limited to two residential properties. In cases of external commercial borrowing default, authorized dealers may permit property sale to Indian residents with proceeds used to settle outstanding loan dues.
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