Hi,
From whatever I understand of the laws, you as a non-resident are not limited to the number of properties you can acquire in India. The restriction of upto 2 properties applies only to the repatriation of sale proceeds.
Repatriation of sale proceeds from immovable property acquired in India will be to the extent of repatriable funds used for acquiring the property, without any lock-in period, up to two residential properties. The balance amount will be repatriable through the NRO account subject to conditions applicable for repatriation of balances from NRO accounts.
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