As this is an important point, please click on the given link for complete information. https://www.rbi.org.in/commonman/english/scripts/Notification.aspx?Id=717

This is a significant point to understand, please click on the given link for complete information. https://www.incometax.gov.in/iec/foportal/help/individual/return-applicable-0

An NRI (Non-Resident Indian) is an Indian citizen who resides outside India for the purpose of employment, business, or any vocation, or stays abroad under circumstances indicating an intention for an indefinite period of stay.
(Individuals posted in U. N. Organisations and officials deputed abroad by Central/State Government and Public Sector undertakings on temporary assignments are also considered NRIs).
A foreign citizen of Indian origin is treated on par with an NRI for certain facilities. A person is deemed to be of Indian origin if they, or their father or paternal grandfather, were citizens of India under the Constitution of India or the Citizenship Act, 1955 (57 of 1955). However, this does not apply to citizens of Pakistan, Bangladesh, Afghanistan, Bhutan, Sri Lanka, or Nepal.

No. The Reserve Bank of India (RBI) grants general permission to NRIs and PIOs to purchase residential or commercial property in India.

The purchase consideration should be met either through inward remittance in foreign exchange via normal banking channels, or funds from NRE/FCNR accounts maintained with banks in India.
Buyers must file a declaration in Form IPI-7 with the Central Office of Reserve Bank of India, Mumba, within a period of 90 days from the date of purchase of the immovable property or final payment of purchase. This should include a certified copy of the purchase document and a bank certificate confirming the payment.

Yes, Reserve Bank has granted general permission for sale of such property. However, if the property is purchased by another foreign citizen of Indian origin, funds towards the purchase consideration should either be remitted to India or paid out of balance in NRE/FCNR accounts.

Yes, subject to certain conditions.
For residential properties purchased on or after 26th May 1993, the RBI permits repatriation of sale proceeds up to the amount originally remitted in foreign exchange for the acquisition, for a maximum of two such properties.
Any balance amount or sale proceeds from properties purchased before 26th May 1993 must be credited to the seller’s ordinary Non-Resident Rupee (NRO) account in India.

Applications for permission to remit sale proceeds must be submitted in Form IPI-8 to the RBI’s Central Office, Mumbai, within 90 days of sale.
Repatriation will be considered only if the sale occurs after three years from the date of the purchase deed or from the date of the final payment, whichever is later.

Yes. Reserve Bank has granted general permission to a foreign citizen of Indian origin to acquire or dispose of properties up to two houses by way of gift from or to a relative who may be an Indian Citizen or a person of Indian Origin whether resident in India or not, subject to compliance with applicable tax laws.

Yes. Reserve Bank has granted general permission for letting out any immovable property in India. The rental income or proceeds of any investment of such income are eligible for repatriation under prevailing foreign exchange regulations.