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

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