Property: Can a property transferred via gift deed be taken back by the giver?

Usually, there are two ways to give away your property or other assets to loved ones – via a will or a gift deed. While the will comes into effect after your death, giving away property via gift deed happens during your lifetime. Can a person giving the gift (donor) take back the property after it has been gifted, i.e., can a gift deed be revoked?

According to legal experts, a gift deed can be revoked, however, it can only be done under limited

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