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

2 Answers

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
0 votes
Non Resident Indian can not buy farm lands in India. But they can purchase residential or commercial lands on their wish. Land brokers help you to get some details about it. 
by 3 9 20
4,569 questions
18,255 answers
6,210 comments
4,336 users