Question And Answer
Subject: whether Non-Resident can buy the Agricultural land ?
Querist: kulkarni
Answered by:
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Date: May 11, 2021
Query asked by kulkarni

Whether non-resident can buy the Agricultural land. ?

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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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