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Can NRI/ PIO rent out their immovable property in India?

April 26, 2017immovable India NRI PIO Property rent

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Can NRI/ PIO rent out their immovable property in India?

2 Answers

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Ans.Yes. The NRIs/ PIOs can freely rent out their immovable property in India without seeking any permission from the Reserve Bank. The rental income being a current account transaction is freely repatriable outside India.

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Ans. Yes. The NRIs/ PIOs can freely rent out their immovable property in India without seeking any permission from the Reserve Bank. The rental income being a current account transaction is freely repatriable outside India.