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Can the sale proceed of any immovable property i.e. property not acquired out of foreign exchange be repatriated?

April 26, 2017acquired foreign exchange immovable proceed Property repatriated sale

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Can the sale proceed of any immovable property i.e. property not acquired out of foreign exchange be repatriated?

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A. Yes. Sale proceed of properties held by an NRI in India which are not acquired out of foreign exchange funds can also be repatriated out of NRO account subject to the overall limit of repatriation of money equivalent to USD One million in a financial year.