Repatriation of sale proceeds: NRIs and PIOs may remit proceeds subject to RBI approval and regulatory conditions. Repatriation of sale proceeds depends on status and regulatory compliance: persons who acquired immovable property under Section 6(5) of FEMA or their successors require RBI approval to repatriate sale proceeds. Certain NRIs, PIOs and qualifying foreign citizens may remit proceeds (subject to remittance regulations and aggregate limits) if the property was acquired in accordance with foreign exchange law, funds for acquisition originated from permitted foreign currency/non-resident accounts or banking channels, and repatriation of residential property proceeds is restricted to not more than two properties.