Transfer of property from abroad

1. An NRI can sell his property in India to a Resident Indian or another NRI

2. Payment can be made by NRI out of: (a) funds remitted to India through normal banking channels or  (b) funds held in NRE / FCNR (B) / NRO account maintained in India.

3. Regarding remittance to the sellers please be guided "

NRIs are also allowed by the Authorised Dealers to repatriate an amount up to USD 1 million per financial year out of the balance in the NRO account / sale proceeds of assets by way of purchase / the assets in India acquired by him by way of inheritance / legacy. This is subject to production of documentary evidence in support of acquisition, inheritance or legacy of assets by the remitter, and a tax clearance / no objection certificate from the Income Tax Authority for the remittance. Remittances exceeding US $ 1,000,000 (US Dollar One million only) in any financial year requires prior permission of the Reserve Bank. "

4. You can contact your Bank in India and your Chartered Accountant for further details.

Please also go through the FAQs on Acquisition and Transfer of Immovable Property in India by a person resident outside India of RBI website

Thanks a lot for your reply.

1. Do we need to go to the Indian Embassy to have the sale registered, and properly recognized in India ? As said, none of my brothers and sister can travel to India.

2. Tne NRO account : has it to be opened in India ?

Again, a lot of thanks for your help

OK. Note that registration cannot be done at Indian Embassy.  NRO account should be opened with a bank in India