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Haresh Deshmukh

How do I sell my property in India if I'm an NRI?

1 Answer
S
Shilpa Goel

RBI allows NRIs to sell a property to a Resident Indian without restrictions. However, RBI approval is necessary to sell the property to an NRI or Person of Indian Origin. In addition, a POA must carry out the sale of the propertyin the absence of the NRI, and the sale amount must be credited to the NRI FCNR/NRO/NRE account.

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