Here is the list of things that NRIs should keep in mind while investing in real estate in India.

– NRIs have no restrictions on how many commercial or residential properties they can own in India. However, repatriation of sale proceeds can only be done for two units.

– NRIs can invest in real estate through normal banking channels, or by investing in funds in NRE, NRO and FCNR accounts

– NRIs can mortgage residential property in India with an Indian financial institution without any approval from the central bank

– NRIs can rent their residential property without prior approval of the RBI and rent can be credited to their NRO/NRE account.

[via – firstpost – NRIs, here’s how to invest in real estate in India ]