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Whether NRI/PIO can acquire agricultural land/plantation property/ farm house in India?

April 26, 2017acquire Agricultural farm House India land NRI PIO plantation Property

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Whether NRI/PIO can acquire agricultural land/plantation property/ farm house in India?

1 Answer

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A2. No. Since general permission is not available to NRI/PIO to acquire agricultural land/ plantation property /farm house in India, such proposals will require specific approval of Reserve Bank and the proposals are considered in consultation with the Government of India.