NRI Buying Agriculture Land

As a standardized custom NRIs are specifically forbidden from purchasing properties savings the permission from Reserve Bank of India. Please give me Rank Five and follow me after reviewing my resume and book a consultation for further discussion and explanation if required.

RBI has given general permission to NRI to acquire property in India . However it does not mean that NRI can by any type of property in India . NRI can only purchase Commercial or residential property in India Subject to Specific rules NRI are not allowed to purchase agriculture land, farm land, farm houses. Under Fema and the Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) Regulations, 2018, NRIs are not permitted to purchase an agricultural land or plantation property or farmhouse in India. You need RBI permission which would not be easily granted You can visit RBI website for details regarding authority to be approached for purchase of agricultural land

https://www.rbi.org.in/scripts/FAQView.aspx?Id=12 The email is at this link.

Hi, Under Fema and the Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) Regulations, NRIs are not permitted to purchase an agricultural land or plantation property or farmhouse in India. However, one may seek special permission from the Reserve Bank of India, which may be granted only after the consideration of various factors. All requests for acquisition of agricultural land/plantation property/ farm house by any person resident outside India or foreign nationals may be made to The Chief General Manager, Reserve Bank of India, Central Office, Exchange Control Department, Foreign Investment Division (III), Mumbai*Phone*. Yes, permissions under various cases after having catered to after considering variety of factors, visit FAQ section of RBI official Website. With regards to query.4, please drop a mail at *Email* to solicit RBI's response. If you find this helpful, please rate us and book a consultation.