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Can a foreign national of Indian origin acquire or gift any residential property as gift deed?
Q: I am a foreign citizen of Indian origin. Can I acquire or gift any residential property as gift deed?

gift any residential property as gift deed
Latest Answer: Yes you can acquire or gift any residential property as gift deed. Reserve Bank of India has granted general permission to foreign citizens of Indian origin to acquire or dispose of properties up to two houses by way of gift from or to a relative who may be an Indian citizen or a person of Indian origin, subject to compliance with applicable tax laws.
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