eswartekumani
Well-Known Member
Purchase of Agricultural Land in India by NRIs - Foreigners detailed info
Purchase of Agricultural Land in India by NRIs - Foreigners
• Foreigners cannot buy agricultural land in India. This is applicable to all of India. No state in India allows foreigners to buy agricultural land.
• Nri’s cannot buy agricultural land in India. Yes! all over India as above. Approval is required from the Reserve bank of India which one can assume is not easily available and this would depend on individual circumstances.
• Furthermore, some State governments in India have rules that allow only farmers to buy agricultural land in their State and this restricts even Indian citizens from buying agricultural land.
• OCI holders residing in India by virtue of their OCI status are still foreign citizens and should realize that OCI grants them visa for life to stay in India but does not give them Indian citizenship. They still hold foreign passports
• NRIs and Foreign citizens of Indian origin cannot acquire agricultural land by way of gift. They can only acquire agricultural land by inheritance.
Can NRIs who have acquired foreign citizenship keep agricultural
Land in India?
Must NRIs with Foreign Citizenship sell agricultural land they previously owned? This is a question that is often asked by non residents who already held agricultural land prior to the change of their residential status. NRIs who have acquired foreign citizenships are sometimes mislead into believing that they cannot continue to hold agricultural land because foreigners cannot own agricultural land in India. This is not true. While foreigners cannot purchase agricultural land, they can continue to hold agricultural land or any other property they own in India provided they had acquired them legally before accepting foreign citizenship. Check with the authorities before being conned out of your land. Money that is legally yours can now be transferred legally abroad. Don't fall victim to illegal money transfer schemes.
Purchase of Agricultural Land in India by NRIs - Foreigners
• Foreigners cannot buy agricultural land in India. This is applicable to all of India. No state in India allows foreigners to buy agricultural land.
• Nri’s cannot buy agricultural land in India. Yes! all over India as above. Approval is required from the Reserve bank of India which one can assume is not easily available and this would depend on individual circumstances.
• Furthermore, some State governments in India have rules that allow only farmers to buy agricultural land in their State and this restricts even Indian citizens from buying agricultural land.
• OCI holders residing in India by virtue of their OCI status are still foreign citizens and should realize that OCI grants them visa for life to stay in India but does not give them Indian citizenship. They still hold foreign passports
• NRIs and Foreign citizens of Indian origin cannot acquire agricultural land by way of gift. They can only acquire agricultural land by inheritance.
Can NRIs who have acquired foreign citizenship keep agricultural
Land in India?
Must NRIs with Foreign Citizenship sell agricultural land they previously owned? This is a question that is often asked by non residents who already held agricultural land prior to the change of their residential status. NRIs who have acquired foreign citizenships are sometimes mislead into believing that they cannot continue to hold agricultural land because foreigners cannot own agricultural land in India. This is not true. While foreigners cannot purchase agricultural land, they can continue to hold agricultural land or any other property they own in India provided they had acquired them legally before accepting foreign citizenship. Check with the authorities before being conned out of your land. Money that is legally yours can now be transferred legally abroad. Don't fall victim to illegal money transfer schemes.