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?

(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