oci holder own agricultural land, oci farmland india, can oci buy farm land
2 Answers
An OCI card holder is treated very similarly to an NRI for property purposes under FEMA. That means an OCI holder cannot purchase agricultural land, plantation property, or a farm house in India. However, an OCI holder can own such land if it comes to them through inheritance, and in defined cases through a gift from a resident relative. So owning farmland as an OCI is possible, but only through these non-purchase routes, not by buying it in the open market. The rules are based on your status under FEMA, so holding an OCI card does not give you a buying right that an NRI does not have. If you already hold farmland you inherited before becoming OCI, you can generally continue to hold it. For your exact case, confirm with a CA or a FEMA-aware lawyer, because gift conditions and state land ceiling laws can also apply. This is general information and not legal advice.
People assume OCI gives more rights than NRI for land. For house and shop yes it is easy, but for khet the answer is the same no. I checked this before getting my OCI.