Can we buy agricultural land in India on GC?

[Dimpy123]

37 minutes ago, 8pm said:

nope bro.In fact NRIs can't buy. Forget about GC

I bought lot of lands , no one said anything about it 🤔

[reality]

3 minutes ago, Dimpy123 said:

I bought lot of lands , no one said anything about it 🤔

Are you OCI or just NRI?

[reality]

46 minutes ago, 8pm said:

Not transfer.

Inheritance. Even OCIs can receive agri land through inheritance

Ee link konchem contradictory undhi… MEA ante aa maathram chethha undali le….but rbi link more reliable anukunta…

https://www.mea.gov.in/images/pdf/acquisition-and-transfer-of-immovable-property-in-india.pdf

[Spartan]

H1bs - Indian Citizen aina...they cannot buy Agricultural Land...

only can Inherit..

same with OCIs. Also they cannot transfer the properties to another OCI after inheritance. . (that is their kids who are not Indian citizens).

anduke chala mandi either Husband or Wife are not taking citizenship.

[Dimpy123]

9 minutes ago, reality said:

Are you OCI or just NRI?

NRI

[reality]

13 minutes ago, Dimpy123 said:

NRI

I am sure that rule is for OCI only…. GC being Indian citizen also can buy… MEA site lo konchem crap undhi… But, RBI site lo clear ga called out OCI ani

[Spartan]

RBI Link: https://www.rbi.org.in/commonperson/English/Scripts/FAQs.aspx?Id=1855

https://www.rbi.org.in/commonperson/English/Scripts/FAQs.aspx?Id=1855#Q1

ⁱNRI refers to a person resident outside India who is a citizen of India

ⁱⁱOverseas Citizen of India (OCI) is a person resident outside India who is registered as an Overseas Citizen of India Cardholder under Section 7(A) of the Citizenship Act, 1955;

ⁱⁱⁱRelative is as defined in section 2(77) of the Companies Act, 2013

^ivSection 6(5) of FEMA states that a person resident outside India may hold, own, transfer or invest in any immovable property situated in India if such property was acquired, held or owned by such person when he was resident in India or inherited from a person who was resident in India.

[ramudu]

2 hours ago, 8pm said:

Guruddda meeda tantaru anna.

 

NRIs cannot buy agriculture land anna. only commercial properties

evaru thantharu , endhuku thantharu , you are still Indian citizen knoooo

[reality]

9 minutes ago, Spartan said:

RBI Link: https://www.rbi.org.in/commonperson/English/Scripts/FAQs.aspx?Id=1855

https://www.rbi.org.in/commonperson/English/Scripts/FAQs.aspx?Id=1855#Q1

ⁱNRI refers to a person resident outside India who is a citizen of India

ⁱⁱOverseas Citizen of India (OCI) is a person resident outside India who is registered as an Overseas Citizen of India Cardholder under Section 7(A) of the Citizenship Act, 1955;

ⁱⁱⁱRelative is as defined in section 2(77) of the Companies Act, 2013

^ivSection 6(5) of FEMA states that a person resident outside India may hold, own, transfer or invest in any immovable property situated in India if such property was acquired, held or owned by such person when he was resident in India or inherited from a person who was resident in India.

You are misguided bro… 

 

[cottondora]

2 hours ago, 8pm said:

gorrelu anna... evadanna case veste. 

govt confiscate chestadi.

 

Supreme court gave order on this.

here are the links:

https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=52995

https://www.mea.gov.in/images/pdf/acquisition-and-transfer-of-immovable-property-in-india.pdf

https://www.livemint.com/economy/nris-don-t-need-rbi-prior-nod-to-buy-immovable-property-in-india-11640786012790.html

Good Post ! 

[cottondora]

5 hours ago, all_cinema_abhimani said:

Have Adhar and PAN already, will it be a problem to buy land now?

GC techukoni malli india aney word anoddu… spend all your money in US . It might help you in your old age ! 

[reality]

17 minutes ago, Spartan said:

2013

^ivSection 6(5) of FEMA states that a person resident outside India may hold, own, transfer or invest in any immovable property situated in India if such property was acquired, held or owned by such person when he was resident in India or inherited from a person who was resident in India.

Idhi inka too much bro…

it doesn’t even say agri land…. Any immovable property konalanna indian resident ayinappude konali anta…

evadu rasthadu vaa ee trash…

Ikkada nunche illu konna NRI gallu uresukuntaru, if they believe this crap…

don’t believe whatever you read 

 

[trent]

Telisina mestri on GC , bought around 60-70 acres agricultural lands in last 10 yrs while on GC.

Even I am PR (same as GC) bought 5 acres agri land in last 4 yrs. 
 

it’s all misguided.

only OCI s can’t buy agricultural lands.

[8pm]

1 hour ago, reality said:

First link says, 

Clarification on Acquisition/Transfer of Immovable Property in India by Overseas Citizen of India (OCIs)

Where does it say NRI?

read full not just headline

[8pm]

29 minutes ago, reality said:

Idhi inka too much bro…

it doesn’t even say agri land…. Any immovable property konalanna indian resident ayinappude konali anta…

evadu rasthadu vaa ee trash…

Ikkada nunche illu konna NRI gallu uresukuntaru, if they believe this crap…

don’t believe whatever you read 

 

no restrictions on purchasing commercial properties, house etc.,

Restrictions are for Agri land, Farm house, plantation.