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Can NRI/PIO avail of housing loan in rupees from his employer in India?
Yes, subject to certain terms and conditions.
IV. REPATRIATION OF SALE PROCEEDS OF RESIDENTIAL/ COMMERCIAL PROPERTY PURCHASED BY NRI/PIO.
Can NRI/PIO repatriate the sale proceeds of immovable property? If so, what are the terms?
NRI/PIO may repatriate the sale proceeds of immovable property 
(a)  If the property was acquired out of foreign exchange sources i.e. remitted through normal banking channels/by debit to NRE/FCNR (B) account.The amount to be repatriated should not exceed the amount paid for the property:
1. in foreign exchange received through normal banking channel
2. by debit to NRE account (foreign currency equivalent, as on the date of payment) or debit to FCNR (B) account.
Repatriation of sale proceeds of residential property purchased by NRI/PIO out of foreign exchange is restricted to not more than two such properties.
Capital gains, if any, may be credited to the NRO account from where the NRI/PIO may repatriate an amount up to $1 million, per financial year, as discussed below. 
(b) If the property was acquired out of Rupee sources, NRI or PIO may remit an amount up to $1 million, per financial year, out of the balances held in the NRO account (inclusive of sale proceeds of assets acquired by way of inheritance or settlement), for all the bonafide purposes to the satisfaction of the Authorized Dealer bank and subject to tax compliance.

Can an NRI/PIO repatriate the proceeds in case the sale proceed was deposited in NRO account?
From the NRO account, NRI/PIO may repatriate up to $1 million per financial year (April-March), which would also include the sale proceeds of immovable property.

If a Rupee loan was taken by NRI/PIO from Authorised Dealer or housing finance institution for purchase of residential property can an NRI/PIO repatriate the sale proceeds of such property?
Yes, provided the loan has been subsequently repaid by remitting funds from abroad or by debit to NRE/FCNR(B) accounts.
If the property was purchased from foreign inward remittance or from NRE/FCNR (B) account, can the sale proceeds of property be repatriated immediately?
Yes.

Is there any restriction on number of residential properties in respect of which sale proceeds can be repatriated by NRI/PIO?
Yes, sale proceeds of not more than two residential properties can be repatriated.

If the immovable property was acquired by way of gift by the NRI/PIO, can he/she repatriate abroad the funds from sale?
The sale proceeds of immovable property acquired by way of gift should be credited to NRO account only. From the balance in the NRO account, NRI/PIO may remit up to $1 million, per financial year, subject to the satisfaction of Authorised Dealer and payment of applicable taxes.