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Can PIOs acquire or dispose of immovable property by way of gift?

April 26, 2017acquire dispose gift immovable Property

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Can PIOs acquire or dispose of immovable property by way of gift?

1 Answer

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10 Posted

Yes. Reserve Bank has granted general permission to foreign citizens of Indian origin to acquire or dispose of immovable properties other than agricultural land/farmhouse/plantation property by way of gift from or to an Indian citizen, NRI or PIO.