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

Property ID- 10371

Rs.

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key points to know regarding buying,selling,renting NRI property deals

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



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