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Can immovable property held in India, be transferred by way of gift to relatives/registered charitable trusts/organizations in India?

April 26, 2017charitable gift held immovable India Organizations Property registered relatives transferred trusts

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Can immovable property held in India, be transferred by way of gift to relatives/registered charitable trusts/organizations in India?

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Yes. General permission has been granted by Reserve Bank to non-resident persons (foreign citizens) of Indian origin to transfer by way of gift immovable property held by them in India to relatives and charitable trusts/organisations subject to the condition that the provisions of any other law, including Foreign Contribution (Regulation) Act, 1976, as applicable, are duly complied with.