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Can the properties (residential/commercial) be given on rent if not required for immediate sale ?

April 26, 2017Commercial given immediate index properties rent Residential sale

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Can the properties (residential/commercial) be given on rent if not required for immediate sale ?

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Yes. Reserve Bank has granted general permission for letting out any immovable property in India. The rental income or proceeds of any investment of such income has to be credited to NRO account.