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If the immovable property was acquired by way of gifit by the NRI/ PIO, can he repatriate abroad the funds from sale?

April 26, 2017abroad acquired funds gifit immovable NRI PIO Property repatriate

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If the immovable property was acquired by way of gifit by the NRI/ PIO, can he repatriate abroad the funds from sale?

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A.27. The sale proceeds of immovable property acquired by way of gifit should be credited to NRO account only. From the balance in the NRO account, NRI/PIO may remit up to USD one million, per financial year, subject to the satisfaction of Authorised Dealer and payment of applicable taxes.