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Can an agricultural land / plantation property / farm house in India owned / held by a non-resident be sold?

April 26, 2017Agricultural farm held House India land non-resident plantation Property

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Can an agricultural land / plantation property / farm house in India owned / held by a non-resident be sold?

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A.13. (a) NRI / PIO may sell agricultural land /plantation property/farm house to a person resident in India who is a citizen of India.

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A.13. (a) NRI / PIO may sell agricultural land /plantation property/farm house to a person resident in India who is a citizen of India. (b) Foreign national of non-Indian origin resident outside India would need prior approval of Reserve Bank to sell agricultural land/plantation property/ farm house in India.