Agriculture Land in India for NRIs: FEMA and RBI Rules, 2026
Under the Foreign Exchange Management Act, 1999 (FEMA) and the Foreign Exchange Management (Non-Debt Instrument) Rule 2019 an NRI or OCI is permitted to acquire immovable property in India other than agricultural land, Farmhouse or plantation property. Under Rule 24(a), the Foreign Exchange Management (Non-Debt Instrument) Rule 2019 states that an NRI or OCI may […]