Can NRIs or PIOs acquire agricultural, plantation or farm properties in India?

Can NRIs or PIOs acquire agricultural, plantation or farm properties in India?

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SmartOwner
Anonymous answered
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SmartOwner

No, acquisition of agricultural, plantation or farm properties in India by an NRI or PIO is not permitted as per Reserve Bank of India guidelines. Refer ‘Acquisition and Transfer of Immovable Property in India by a person resident outside India’ under the FAQs section on www.rbi.org.in, for more information on this.

 

Please note that SmartOwner offers only those properties which have been converted for residential use. SmartOwner does not offer any agricultural, plantation or farm properties to its clients.

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