1. The term NRI can have different meanings depending on the context, such as for FEMA, income tax, or acquiring immovable property. For example, students who study abroad with the intention of staying for an extended period and spend more than 180 days abroad in the previous financial year are considered NRIs. However, people who stay abroad for business, medical treatment, or other reasons that don't indicate an intention to stay indefinitely are not considered NRIs.
2. No, NRIs cannot purchase agricultural land in India,
3. Farm house cannot be let out on rent which is a commercial activity.
4. yes, it can be converted to NA
5. It depends on what you apply for
6. You can decide
7. Time taken will depend on how you move the papers and the time taken by authorities concerned
8. The land converted to NA can be sold
9. No