- As per FEMA21/2000 RBI rules , an NRI or PIO cannot acquire agricultural land /farm house/plantation property in India.
- If she will purchase an agriculture land in India , then it will be a violation of FEMA laws , that can result in a penalty or even confutation of that property.
- Further, to purchase an agricultural property in India, an NRI has to take a prior approval from Reserve Bank of India,
- Hence, being an NRI , she is only allowed to purchase residential or commercial property in India.
- But, she can use money to purchase property in the name of her parent.
- Since, she is staying in India , then also her NRI status not finished legally, and the above said rule will apply with her.