Can NRI purchase agricultural land?
Online research seems to indicate that NRIs are not allowed to purchase agricultural land in India except with some special permissions form RBI, but we find real estate agents in the state tell us that there are no such legal restrictions. We are looking for someone who can help us with executing a specific transaction of acquiring farmland in Andhra Pradesh and educate us on all the nuances thereof. For instance, if one is not allowed to acquire agricultural land as a NRI, can one do so if he will be moving back to India in the near future?
Asked 4 years ago in Property Law from Hyderabad, Andhra Pradesh
in many states in india you need to be an agriculturist to buy agricultural land . you would need RBI permission . to buy agricultural land if you are an NRI . please contact a local lawyer before proceeding further .