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K
Karuna Banerjee

Can NRI sell property in India without RBI permission?

1 Answer
R
Ranjita Chandra

NRIs can sell real estate in India without RBI approval, provided the property has been owned for at least two years, the sale earnings are credited to an NRO account, and the amount repatriated cannot exceed $1 million. A tax clearance certificate from the Indian Income Tax Department is also required.

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