Agri land by nri

NRI cannot purchase agricultural land in India as per RBI guideline updated July 2,2012 A. Acquisition of Immovable Property in India through purchase / gift/ inheritance Q.1. Who can purchase immovable property in India ? Ans. Under the general permission available, the following categories can purchase immovable property in India: i) Non-Resident Indian (NRI)1[1][1][1] ii) Person of Indian Origin (PIO)2[2][2] The general permission, however, covers only purchase of residential and commercial property and is not available for purchase of agricultural land / plantation property / farm house in India. Q.2. Can NRI/PIO acquire agricultural land/ plantation property / farm house in India? Ans. No. Q.3. Are any documents required to be filed with the Reserve Bank after the purchase? Ans. No. An NRI / PIO who has purchased residential / commercial property under general permission, is not required to file any documents/reports with the Reserve Bank.