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Back to Top of Index Question-104: Can foreign citizens of Indian origin acquire or dispose of residential property by way of gift ?

April 26, 2017acquire citizens dispose foreign index indian origin Property Residential

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Back to Top of Index Question-104: Can foreign citizens of Indian origin acquire or dispose of residential property by way of gift ?

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Yes. Under the general permission granted by Reserve Bank, properties upto two houses can be acquired, transferred or disposed of by way of gift from or to a relative who may be an Indian citizen or a person of Indian origin whether resident in India or not.