Thinking about selling your property in India after relocating abroad? Well, selling it is just part of the journey. The bigger question is whether you can freely transfer the money overseas. That depends on several factors, including the type of property, how it was acquired, and crucially, whether the sale proceeds go into an NRE or NRO account. Picking the wrong account could delay or even limit your ability to repatriate funds.
Here's what NRIs need to know about selecting the right bank account, FEMA rules, repatriation limits and the necessary documents before selling either residential or commercial property in India.
