Applications for repatriation of sale proceeds will be considered if the sale takes place three years either from the date of final purchase or from the date of payment of final installment of the sale amount, whichever is later.

Yes. Foreign nationals of Indian origin whether resident in India or abroad, have been granted general permission to purchase immovable property in India for bona-fide residential purposes. Permission is implied if the payment is done in foreign currency or by debit to NRE or FCNR accounts.If payment is to be paid in Indian rupees, prior permission of the RBI is necessary.

Yes, sale proceeds from the sale of a commercial property owned by a foreign citizen of Indian origin can be repatriated out of India.
In case of property purchased on or after 26th May 1993, repatriation is limited to the original investment on purchase of the property. Such repatriation is allowed provided the property is sold after a period of three years from the date of the final purchase deed or from the date of payment of final installment of consideration amount, whichever is later.
Applications for the purpose need to be to the Central Office of Reserve Bank within 90 days of the sale of property in Form IPI 7.