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string(773) "Hello,
I have a question about agricultural property acquisition in India as an NRI. Typically I know this is not permitted. However, my Father has inherited agricultural land through his Father. He now wishes to do some agricultural land purchasing in India.
I read here [url]http://www.nrirealtynews.com/nri-property/acquisition-of-property.php[/url] that if you've inherited agricultural land, like my Father, you must inform the RBI.
Questions:
1. If we inform the RBI, will they confiscate the land as we are not Indian Citizens any more and are NRIs?
2. How do people with inherited agricultural land hold on to it legally?
3. Are there any ways of purchasing agricultural land being an NRI?
Any help and advice is appreciated. Many thanks.
~A"
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I have a question about agricultural property acquisition in India as an NRI. Typically I know this is not permitted. However, my Father has inherited agricultural land through his Father. He now wishes to do some agricultural land purchasing in India.
I read here http://www.nrirealtynews.com/nri-pro...f-property.php that if you've inherited agricultural land, like my Father, you must inform the RBI.
Questions:
1. If we inform the RBI, will they confiscate the land as we are not Indian Citizens any more and are NRIs?
2. How do people with inherited agricultural land hold on to it legally?
3. Are there any ways of purchasing agricultural land being an NRI?
Any help and advice is appreciated. Many thanks.
~A
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