|Question And Answer|
|Subject:||whether Non-Resident can buy the Agricultural land ?|
|Answered by:||Advocate Shashi Ashok Bekal|
|Tags:||Agricultural land, Non- Resident|
|Date:||May 11, 2021|
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Whether non-resident can buy the Agricultural land. ?
Foreign Exchange Management Act, 1999 read with Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) Regulations, 2018 does not permit a Non-Resident Indian or an Overseas Citizen of India to purchase an agricultural land or farm house or plantation property in India.
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