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Excerpt: Previously , the FAQs published by Reserve Bank Of India on the subject of acquisition of immovable property in India was published here. The second in series is the frequently asked question regarding “transfer of properties by various mode like sale,gift etc.Q.1 Can an NRI/ PIO/foreign national sell his residential / commercial property?A.1. (a) NRI can sell property in India to-i) a person resident in India orii) an NRI oriii) a PIO.(b) PIO can sell property in India toi) a person resident in India.ii) an NRI oriii) a PIO – …
