Response to this Question

    In general, 'A' can freely invest in residential/ commercial property (subject to certain restrictions like investment in agricultural land, plantation and farm house). Besides the sale proceeds can be freely repatriated outside India to the extent of the amount originally brought in from abroad. Also sale proceeds of only two residential properties can be repatriated.

    Besides, housing loan can be availed in India against the security of the immoveable property. Now loan for any bonafide purpose may be obtained against the security of immoveable property.

    See Investment opportunities for more on investment in real estate. Profit on sale of property acquired out of forex resources as above or even the sale proceeds of property acquired out of Rupee resources can be repatriated in certain cases. To know more about the same, read Investing in real estate in India.

Date : 29-Oct-2019 

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