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Can an NRI/PIO acquire residential/commercial property by way of gift, under the general permission available?

April 26, 2017acquire Commercial gift NRI permission PIO Property Residential

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Can an NRI/PIO acquire residential/commercial property by way of gift, under the general permission available?

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Yes. Under general permission available, an NRI/PIO may acquire residential/commercial property by way of gift from a person resident in India or an NRI or a PIO.