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Q: What is the procedure for an NRI to acquire immovable property in India by way of lease or not exceeding 5 years?

A: There is no difference in the procedure. It's the same as any other Indian citizen would buy the property.

Q: What is the rule of repatriation if I take loan from an Indian Bank to buy property in India?

A: Proceeds can only be repatriated if the loan amount is completely paid off through your NRO account. or If you transfer the funds from abroad.

Q: How can an NRI repatriate the sale proceeds of their immovable property sold in India?

A: Sale proceeds not exceeding US$ 1 million per calendar year (Jan to Dec) can be repatriated subject to production of documentary evidence of inheritance / purchase of property accompanied by a...