Non-Agriculturists can Purchase Agricultural Land

Easier now for non-agriculturists to purchase farmland in Maharashtra & Telangana

While only agriculturists / farmers can buy agricultural land in most states of India. There have been some changes made to the rules that make it easier for non-farmers to purchase agricultural land in some Indian states. Changes to acquisition of agricultural land have been made in: The state of Telangana The state of Maharashtra

Telangana

Restrictions on purchase of land by Non-Agriculturists relaxed by Karnataka government

The Karnataka Land Reforms (Amendment) Bill, 2015, raises the annual income limit for acquiring land by persons not engaged in agriculture from the previous Rs 2 lakh to Rs 25 lakh. This relaxation is expected to open the market increase sales of all types of land. The Karnataka Land Reforms (Amendment) Bill, 2015 permits deputy commissioners in districts to double the area of land that can be acquired by non-agriculturists for industrial, educational, religious, housing and horticulture purposes.

Maharashtra

No Permission Required to Buy Farm Land for

Industrial Development

In a major move to increase industrial growth, the Maharashtra government has approved an amendment to the Rent Act, which will allow non-farmers to purchase agricultural land that they require for industrial development without the need to get any prior government permission. As per the amendment to the Agriculture land rules, 1950: No permission will be required for acquiring agricultural land for industrial development The entrepreneur will have to utilize the land within five years In case of failure to utilize the land within the stipulated five year period, the entrepreneur would be eligible for a five-year extension on payment of a cess of 2% of the total cost of land and will have to utilize the land within 10 years In the event of failure to utilize the land within 10 years, the land would have to be returned to the original farmer Buyers wanting to resell the land for other purposes will have to pay a 25% transfer fee.  
Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail. © Copyright 2006 Nriinformation.com
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Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail. © Copyright 2006 Nriinformation.com
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Non-Agriculturists can

Purchase Agricultural Land

Easier now for non-agriculturists to

purchase farmland in Maharashtra &

Telangana

While only agriculturists / farmers can buy agricultural land in most states of India. There have been some changes made to the rules that make it easier for non- farmers to purchase agricultural land in some Indian states. Changes to acquisition of agricultural land have been made in: The state of Telangana The state of Maharashtra

Telangana

Restrictions on purchase of land by

Non-Agriculturists relaxed by

Karnataka government

The Karnataka Land Reforms (Amendment) Bill, 2015, raises the annual income limit for acquiring land by persons not engaged in agriculture from the previous Rs 2 lakh to Rs 25 lakh. This relaxation is expected to open the market increase sales of all types of land. The Karnataka Land Reforms (Amendment) Bill, 2015 permits deputy commissioners in districts to double the area of land that can be acquired by non-agriculturists for industrial, educational, religious, housing and horticulture purposes.

Maharashtra

No Permission Required to Buy Farm

Land for Industrial Development

In a major move to increase industrial growth, the Maharashtra government has approved an amendment to the Rent Act, which will allow non-farmers to purchase agricultural land that they require for industrial development without the need to get any prior government permission. As per the amendment to the Agriculture land rules, 1950: No permission will be required for acquiring agricultural land for industrial development The entrepreneur will have to utilize the land within five years In case of failure to utilize the land within the stipulated five year period, the entrepreneur would be eligible for a five-year extension on payment of a cess of 2% of the total cost of land and will have to utilize the land within 10 years In the event of failure to utilize the land within 10 years, the land would have to be returned to the original farmer Buyers wanting to resell the land for other purposes will have to pay a 25% transfer fee.