GIFT DEED CAN BE GIVEN BACK?

A property gifted. The person to whom gift is made acted and possessed. The donor of the gift cannot make changes of make it invalid. Now the property  is yours. You can act up[on the property depending upon the terms of the gift. If nothing prohibit you to assign, you can make an assignment deed and transfer the property.

It is not possible to return the Gift deed. But the property received through the gift deed can be gifted to the person who has gifted it.

In a case where the grandma has given a gift, the property recived under that gift deed can be given as a gift to same grandma.

Once gift deed is executed in your favour by your grand mother and the property belong to you as per gift deed. It can not be given back in ordinance sence. you  have to apply for cancellation of gift deed and pay for fee if required before registration office. Court can interfere in this issue and pass suitable order after hearing both sides.

venugopal

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As my learned friend Mr.Nirale said Gift can be Gifted to the person who has Gifted it.
 

Yes u are the owner of said propertry at present by virtue of that gift deed and now u can also execute a gift deed in ur grandmother's favour becuase u are the owner of said property now.

as the gift deed is always revokable.it will be a better alternative if your grandma agrees.