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 MaharashtraTelangana
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.
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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 MaharashtraTelangana
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.
