A.13. (a) NRI / PIO may sell agricultural land /plantation property/farm house to a person resident in India who is a citizen of India.

(b) Foreign national of non-Indian origin resident outside India would need prior approval of Reserve Bank to sell agricultural land/plantation property/ farm house in India

A.14. Yes.

(a) NRI / PIO may gift residential / commercial property to -

(i) person resident in India or

(ii) an NRI or

(iii) PIO.

(b) foreign national of non-Indian origin needs prior approval of Reserve Bank.

A.15. (a) NRI / PIO can gift but only to a person resident in India who is a citizen of India.

(b) foreign national of non-Indian origin needs prior approval of Reserve Bank

A.16. i) NRI / PIO can mortgage to:

(a) an authorised dealer / housing finance institution in India-without the approval of Reserve Bank.

(b) a party abroad - with prior approval of Reserve Bank.

ii) a foreign national of non-Indian origin can mortgage only with prior approval of Reserve Bank

iii) a foreign company which has established a Branch Office or other place of business in accordance with FERA/FEMA regulations has general permission to mortgage the property with an authorized dealer in India.