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Can NRIs acquire or dispose of residential properties by way of gifts?

A. Yes, the Reserve Bank has granted general permission to NRIs to acquire or dispose of NRI India Properties by way of gift from or to a relative who may be an Indian citizen or a person of Indian origin (PIO) whether resident in India or not.

Corporate Office Address


Kanakia Spaces Realty Pvt. Ltd.
215-Atrium,10th floor, Next to Courtyard by Marriott Hotel,
Opp. Divine Child High School, Andheri Kurla Road, Andheri (East),
Mumbai - 400 093, India

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Tel: 91-22-6726666 / 67267777

Toll Free : 1800-267-1200

Email : customercare@kanakia.com