Can a NRI/PIO acquire immovable property in India by way of gift? Cana foreign national acquire immovable property in India by way of gift?

Property Handling
2016-08-02 12:40

(a) Yes, NRIs, OCI and PIOs can freely acquire immovable property by way of gift either from I)              A person resident in India or II)             An OCI or NRI or PIO However, the property can only be commercial or residential in nature. Agricultural land / plantation property / farm house in India cannot be acquired by way of gift. (b) A foreign national of non-Indian origin resident outside India cannot acquire any immovable property in India by way of gift.  

Tags: NRI's
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