NRI


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Answered on November 09, 2017
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  • PIO's are allowed to purchase upto 2 flats, without any permission from RBI. Foreigners who are residents in India ( for more than 183 days) can purchase provided they take appropriate permissions from RBI for the same


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    Answered on November 09, 2017
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  • 1.From the balances of NRO account – subject to declaration 2. Sale proceeds of assets 3. Assets acquired from legacy/ inheritance/ deed of settlement they can remit up to USD 1 Million in a financial year