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Can NRIs / PIOs repatriate rental income or sale proceeds of their Indian real estate?

April 26, 2017income indian NRIs proceeds Real Estate rental repatriate sale

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Can NRIs / PIOs repatriate rental income or sale proceeds of their Indian real estate?

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Ans: The remittance of the sale proceeds depends upon the mode of acquisition i.e. whether, it was acquired out of funds remitted from outside or out of rupee funds. A property can be acquired out of rupee funds by the NRI before leaving India or acquired after leaving India, but from the savings bank account in an Indian bank out of income earned in India.