One thing you should never rely on is the Government of India. Highly Unstable in its Policies and Reforms. During the boom period
of 2004-07 when capital inflows were rising sharply RBI had initiated gradual liberalization of capital account transactions for the resident corporate sector and individuals. The recent balance of payment stress has pushed the central bank to reverse some of those measures.
The limit for remittances by Resident Individuals under the Liberalised Remittance Scheme (LRS Scheme) has been reduced from USD 200,000 to USD 75,000 per financial year The use of LRS for acquisition of immovable property outside India directly or indirectly will, henceforth, not be allowed.
Their are Expats & Executives in Indian Companies who don't want to settle in a Country Ruled by Thugs and have Bought Properties Outside India primarily due to the Infrastructure, Standard of Living and Transparency in Real Estate Dealings [Unlike in India where it is Controlled by Goons of Thugs in the Parliament] These are the people who pay their Taxes Regularly and Loyally and Yet they are being punished due to Mismanagement by Thugs in the Indian Government.
Never Trust the Government of India. It can change Laws with Retrospective effect to Target somebody at the behest of some Crony Capitalists like it happened in the Vodafone Case.
