Proceeds from sale of property in India will be taxable for NRIs too

The proceeds from the sale of a property situated in India shall be taxable in India. Capital gains on property that is inherited are taxable in the hands of the inheritor.
Any property that is held for more than 24 months shall be considered as a long-term capital asset. Long-term capital gains (LTCG) are calculated by deducting the indexed cost of acquisition from the sale price.