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

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

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Can immoveable NRI 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 citizen) of Indian Origin (PIOs) to transfer, by way of gift, immoveable property held by them in India to relatives and charitable trusts / organizations subject to the condition that the provisions of all other laws, as applicable are complied with.