I am a citizen of UK and I plan to purchase agricultural land in India. In order to buy farm land in India I need permission from Reserve Bank of India. Can you help to obtain permission from RBI? Thank you.
in Others+Miscelleneous by 1

1 Answer

0 votes
According to ‘FEMA’ Foreign Exchange Management Act”, NRIs cannot buy agricultural land in India. There is no restriction on NRIs for buying residential or commercial property in India but there is no provision where they can buy agricultural land in India.
by 1

Related questions

1 answer
6 answers
asked Dec 11, 2018 in Business+Finance by Jerry 8 27 81
1 answer
3,411 questions
10,647 answers
3,423 users