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Can a foreign national of non-Indian origin resident outside India transfer by way of sale agricultural land/ plantation property/farm house acquired by him in India?

April 26, 2017farm foreign India land National non-Indian origin outside Property resident sale transfer

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Can a foreign national of non-Indian origin resident outside India transfer by way of sale agricultural land/ plantation property/farm house acquired by him in India?

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Ans. Yes, A foreign national of non-Indian origin resident outside India can transfer, by way of sale, agricultural land/ plantation property/farm house acquired in India, but for that he would need to seek prior approval of Reserve Bank.