Can Non-Resident Indians (NRIs) Legally Purchase Agricultural Land in India?
Navigating the complexities of property acquisition in India requires a thorough understanding of the legal framework, especially for Non-Resident Indians (NRIs) interested in agricultural land. The primary legislation governing such transactions is the Foreign Exchange Management Act (FEMA), 1999. Under FEMA, NRIs and Overseas Citizens of India (OCIs) are explicitly prohibited from purchasing agricultural land, […]