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Agricultural land purchased before moving to USA


Prism

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5 hours ago, jalsa01 said:

I remember as long as one hold indian passport can buy agricultural land.. After renouncing Indian citizenship one can't buy new agricultural land still approved to inherit land from parents.. 

incorrect … if you are a NRI you cannot buy agricultural land even if you are citizen ani guidelines clearly telling

According to Foreign Exchange Management Act and the Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) Regulations, 2018, both NRIs and OCIs aren’t allowed to buy any agricultural land or plantation property or farmhouses in India by law unless they get a special permission from the Reserve Bank of India (RBI).

 

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