8. Transfer of Property by NRI/PIO Transferring residential/ commercial property NRI PIO By sale Can sell to person resident in India; NRI or PIO Can sell only to a person resident in India By gift Can gift to person resident in India; NRI; or PIO. If property is being gifted to a foreign national of non-Indian origin, prior permission of RBI is required Can gift to person resident in India; NRI; or PIO. If property is being gifted to a foreign national of non-Indian origin, prior permission of RBI is required
9. Transfer of Property by NRI/PIO Transferring agricultural/plantation/ farm house property NRI PIO By sale Can sell only to person resident in India Can sell only to a person resident in India who is a citizen of India By gift Can gift only to person resident in India Can gift only to a person resident in India who is a citizen of India