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Can property (residential/commercial) be given or rent if not required for immediate use?

April 26, 2017Commercial given immediate Property rent Residential

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Can property (residential/commercial) be given or rent if not required for immediate use?

1 Answer

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Yes, Reserve Bank has granted general permission for letting out any immovable properties in India. The rental income or proceeds of any investment of such in-come are eligible for repatriation.