Student
3986 Points
Posted on 20 September 2019
1. In your case, it will be considered Repatriation of sale proceeds of Immovable property in India by NRI.
2. RBI has issued a notification in this effect dated July 1, 2013. Detailed conditions and procedures are given for repatriation of sale proceeds of the Immovable Property in India.
3. It will not be a mere remittance of money to foreign account but rather it will be covered under the above notification.
Please go through the notification before making the remittance.