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No. NRI's do not require any permission to acquire any immovable property in India other than agricultural / plantation property or a farmhouse
The Reserve Bank of India has granted general permission to certain financial institutions providing housing finance to grant housing loans to NRIs for acquisition of a house/flat for subject to certain conditions.
The purpose of loan margin money and the quantum of loan will be at par with those applicable to housing loans to residents. Repayment of loan should be made within a period not exceeding 20 years out of inward remittances or out of funds held in the investor's NRE / FCNR / NRO Accounts.
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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 is eligible for repatriation