Indian society having a long cherished tradition to respect and protect the interest of elders. In our culture it's our pious obligation to take care of our elderly family members. Care and protection of the elderly people should be looked into a foremost basic and fundamental role of the state. Particularly when an elderly people gratuitously settled their valuable property purely based on love and affection, it is for the younger generation, particularly the receivers of such Gifts have to fulfill their basic needs. In this article, I intended to submit general aspects on gratuitous transfers and consequences suffered thereafter by the seniors citizens and remedy available to them under Maintenance and Welfare of Parents and Senior Citizens Act – 2007 and under general law and i am also particularly stressed upon the importance of sensitizing the Senior citizens who are intended transfer their valuable property gratuitously. Keywords: Gift/Settlement - Modes of creating it - Revocation of Gift/Settlement - Remedies available under Transfer Property Act, Indian Contract Act 1872, more particularly under Senior Citizens Act, 2007 for revocation of Settlement/Gift – Sensitizing the general public and stake holder on the property rights of Senior Citizens.