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As an NRI, you need no permissions to buy property
in India. You can also rent out the property and repatriate your
rental proceeds, subject to payment of taxes.
Please remember that an NRI who is an Indian Citizen
can sell his Immovable Property (other than agricultural or plantation
property or farmhouse) to another NRI. However, the transaction
has to be routed through India only. In other words, the buyer has
to invest in India by way of remittance from abroad through normal
banking channels or by debit to his account maintained with an authorized
dealer.
The Sale proceeds of the property must be credited to your bank
accounts maintained with an authorized dealer in India.
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