NRI agricultural land investment in India 2026 is one of the most searched — and most misunderstood — topics among the 32 million-strong Indian diaspora spread across the USA, UK, Canada, Australia, and the Gulf. Thousands of NRIs want to reconnect with their farming roots, secure ancestral land, or tap into India’s rapidly appreciating rural land market — but face a maze of FEMA regulations, state-specific laws, repatriation restrictions, and tax complexities that can turn a dream investment into a legal nightmare. This complete guide explains who can buy agricultural land in India as an NRI, FEMA rules for 2026, expected returns, state-wise restrictions, repatriation limits, tax implications, and an honest expert verdict on whether NRI agricultural land investment in India makes financial sense in 2026. This guide covers everything from legal routes and risk factors to a step-by-step action plan for NRIs with inherited farmland.
- Can NRIs Buy Agricultural Land in India? The FEMA Reality in 2026
- 3 Legal Routes for NRI Agricultural Land Investment in India
- FEMA Rules for NRI Agricultural Land 2026 – Complete Breakdown
- State-Wise Agricultural Land Ownership Laws for NRIs
- Returns from Agricultural Land Investment in India 2026
- Repatriation Rules – How NRIs Can Send Sale Proceeds Abroad
- Tax on NRI Agricultural Land in India – Income & Capital Gains
- Who Should Consider NRI Agricultural Land Investment in India?
- Agri Land vs Agri Mutual Funds – Which Is Better for NRIs?
- High-Value NRI Land Investment Terms You Must Know
- Key Risk Factors for NRI Agricultural Land Investment in India
- Frequently Asked Questions – NRI Agricultural Land India 2026
Can NRIs Buy Agricultural Land in India? The FEMA Reality in 2026
The straight answer is: No, NRIs cannot purchase agricultural land in India directly — and this rule has not changed in 2026. Under FEMA (Foreign Exchange Management Act, 1999) and RBI’s Master Directions on Acquisition and Transfer of Immovable Property in India, NRIs and OCI (Overseas Citizen of India) cardholders are explicitly prohibited from purchasing agricultural land, plantation property, or farmhouses in India by way of purchase or gift from a non-relative.
This restriction applies regardless of whether the NRI pays in Indian rupees (from NRO/NRE account) or in foreign currency. The prohibition is absolute for direct purchases and gifts from non-relatives. PIOs (Persons of Indian Origin) who are not OCI cardholders are subject to the same restrictions since January 2015 when the PIO card was merged into the OCI scheme.
- Can NRI purchase agri land directly? NO — prohibited under FEMA 1999
- Can NRI inherit agri land? YES — from a resident Indian relative
- Can NRI receive agri land as gift? YES — only from a close resident Indian relative
- Can NRI lease out inherited agri land? YES — subject to state tenancy laws
- FEMA penalty for violation: Up to 3x the amount involved or Rs.2 lakh (higher)
- Repatriation limit on NRO proceeds: USD 1 million per financial year
- Governing law: FEMA 1999 + RBI Master Direction on Immovable Property
- India’s agri land market size: ~Rs.90 lakh crore (estimated, 2026)
3 Legal Routes for NRI Agricultural Land Investment in India 2026
While direct purchase is prohibited, NRIs have 3 legitimate legal routes to hold or benefit from agricultural land in India:
Route 1 — Inheritance from a Resident Indian Relative
This is the most common and legally safest route for NRI agricultural land investment in India 2026. An NRI can inherit agricultural land from a resident Indian relative (parents, grandparents, siblings, spouse) through a valid Will or as an intestate heir under personal succession law (Hindu Succession Act, Muslim Personal Law, or Indian Succession Act for Christians and Parsis). Inherited agricultural land can be retained indefinitely, leased out for rental income, or sold — with sale proceeds credited to an NRO account.
Route 2 — Gift from a Close Resident Indian Relative
NRIs can receive agricultural land as a gift from a close relative who is a resident Indian, as defined under Section 2(77) of the Companies Act (spouse, parents, children, siblings, and their spouses). The gift must be genuine (not a disguised purchase), documented via a registered Gift Deed, and stamp duty must be paid as per state rates. The recipient NRI must file the transaction with their Authorised Dealer bank within 90 days. Gift from a non-relative resident Indian is not permitted for agricultural land.
Route 3 — Invest via an Indian Company or Partnership Firm
NRIs can invest in an Indian private limited company or LLP registered in India that then legally purchases or holds agricultural land for permitted business purposes (agro-processing, cold storage, food parks, agri-tech operations). The company structure must comply with FDI policy, and the land use must be for legitimate agri-business — not speculative land banking. This route requires professional legal structuring and CA/CS guidance but is the most scalable model for large NRI agri investments. Agri-processing, organic farming ventures, and agri-tech startups are common use cases for this approach.
FEMA Rules for NRI Agricultural Land 2026 – Complete Breakdown
| Transaction Type | Permitted for NRI? | Governing Rule |
|---|---|---|
| Purchase of agri land (direct) | ❌ NOT PERMITTED | FEMA Notification No. 1/2000-RB, Schedule I |
| Gift of agri land from non-relative resident | ❌ NOT PERMITTED | RBI Master Direction – Immovable Property |
| Inheritance of agri land from resident relative | ✅ PERMITTED | FEMA 1999 Section 6(5) |
| Gift of agri land from close resident relative | ✅ PERMITTED | RBI Master Direction Schedule I Para 3 |
| Selling inherited/gifted agri land | ✅ PERMITTED | FEMA 1999 – proceeds to NRO account |
| Leasing out inherited agri land | ✅ PERMITTED | Subject to state tenancy laws |
| Repatriating sale proceeds abroad | ✅ PERMITTED (limit) | RBI – USD 1 million/year from NRO account |
| Purchasing farmhouse | ❌ NOT PERMITTED | Same as agricultural land — FEMA Schedule I |
| Purchasing plantation property | ❌ NOT PERMITTED | Same as agricultural land — FEMA Schedule I |
| Purchase after land converted to NA (non-agri) | ✅ PERMITTED | Treated as regular property post-conversion |
Important 2026 Update: The RBI has consistently maintained this prohibition since 2000 and there are no proposed amendments to FEMA regulations as of May 2026 that would liberalise NRI direct purchase of agricultural land. NRIs should not rely on agents claiming “new rules” that allow direct purchase — verify all information directly with RBI’s website (rbi.org.in) or a qualified FEMA lawyer before acting.
State-Wise Agricultural Land Ownership Laws for NRIs in 2026
Beyond FEMA central rules, each Indian state has its own agricultural land ceiling, tenancy, and ownership laws that directly affect how NRIs can manage inherited or gifted agricultural land. Here is a state-wise summary for NRI agricultural land investment India 2026:
| State | Key NRI-Relevant Land Law | Leasing Allowed? | Ceiling Limit (approx.) |
|---|---|---|---|
| Punjab | Punjab Land Reforms Act 1972 | Yes — with written lease | 7 standard acres (family) |
| Haryana | Haryana Ceiling on Land Holdings Act 1972 | Yes | 7.25 standard acres |
| Maharashtra | Maharashtra Tenancy & Agricultural Lands Act 1948 | Yes — complex tenancy rules apply | 54 acres (dry land) |
| Karnataka | Karnataka Land Reforms Act 1961 | Restricted — lease only to farmers | 10 units (varies by type) |
| Tamil Nadu | TN Land Reforms Act 1961 | Permitted with conditions | 15 standard acres |
| UP | UP Zamindari Abolition & Land Reforms Act 1950 | Limited — lease to bhoomidhar | 12.5 acres (irrigated) |
| Rajasthan | Rajasthan Tenancy Act 1955 | Permitted | 15 standard acres |
| Gujarat | Gujarat Agricultural Lands Ceiling Act 1960 | Permitted — 3-year leases common | Varies by irrigated/dry |
| Andhra Pradesh / Telangana | AP Land Reforms Act 1973 | Permitted with Dharani portal registration | 10 acres (irrigated) |
| Kerala | Kerala Land Reforms Act 1963 | Very restrictive | 7.5 acres (family unit) |
Critical Note: Several states (Karnataka, Maharashtra, Kerala) restrict transfer of agricultural land to non-agriculturalists — even between resident Indians. NRIs holding inherited agricultural land in these states must consult a local agriculture land law specialist before attempting to sell or lease the land to avoid violations of state-level land reform acts.
Returns from Agricultural Land Investment in India 2026
Despite the purchase restriction for NRIs, understanding returns from agricultural land is essential for those managing inherited farmland or evaluating the company-route investment. Here is a comprehensive returns picture for NRI agricultural land investment India 2026:
| Return Type | Rate (Annual) | Best Locations | Key Drivers |
|---|---|---|---|
| Land Appreciation (peri-urban) | 12–20% CAGR | Pune belt, Bengaluru fringe, NCR fringe, Hyderabad | Highway expansion, urbanisation, NA conversion |
| Land Appreciation (rural/agri belt) | 6–10% CAGR | Punjab, Western UP, Krishna-Godavari Delta | MSP hikes, irrigation projects, FPO growth |
| Rental/Lease Income | 2–4% per year | Punjab, Haryana, Gujarat, Maharashtra | Tenant farming, contract farming, leasing to FPOs |
| Crop Revenue Sharing | 3–6% per year | All agri belts — depends on crop | Contract farming, kisan producer organisations |
| Combined Total Return | 10–22% CAGR | Peri-urban agri belts | Appreciation + rental income combined |
Real-World Example: An NRI inheriting 2 acres of agricultural land in the Pune-Nashik highway belt in 2016 at Rs.15 lakh per acre (Rs.30 lakh total) could see the land valued at Rs.65–80 lakh per acre by 2026 — a 4x to 5x appreciation in 10 years — driven by the Mumbai-Pune-Nashik industrial corridor development. Adding lease income of Rs.20,000–Rs.30,000 per acre per year further enhances returns. This is why NRI agricultural land investment in India via the inheritance or company route is so attractive despite purchase restrictions.
Repatriation Rules – How NRIs Can Send Sale Proceeds Abroad 2026
This is the most critical practical section for NRIs who have inherited agricultural land in India and wish to sell it and repatriate the proceeds. Follow this process carefully for NRI agricultural land investment in India 2026 sale transactions:
- ✅ Sell the Land Legally: Execute a registered Sale Deed with the buyer. The buyer must deduct TDS at 20% (plus surcharge + cess) under Section 195 of the Income Tax Act and deposit it with the government within 7 days using Form 27Q.
- ✅ Credit Sale Proceeds to NRO Account: All sale proceeds (after TDS deduction) must be credited to your NRO (Non-Resident Ordinary) savings or current account in India. NRE accounts cannot receive property sale proceeds under FEMA rules.
- ✅ Obtain Form 15CA and 15CB: Form 15CA is a self-declaration by the NRI remitter. Form 15CB is a certificate from a Chartered Accountant (CA) confirming applicable taxes have been paid or deducted. Both are mandatory for repatriation exceeding Rs.5 lakh.
- ✅ File Income Tax Return (ITR): File your Indian ITR for the year of sale, declaring the capital gain and TDS credit. If TDS exceeds your actual tax liability, claim refund in the ITR — this typically takes 3–6 months via the IT portal.
- ✅ Apply for Repatriation via Authorised Dealer Bank: Submit Form A2 to your Indian bank along with Form 15CA/15CB, copy of Sale Deed, and ITR acknowledgment. The bank remits funds to your foreign bank account in the applicable currency.
- ✅ Observe the USD 1 Million Annual Limit: RBI allows repatriation of up to USD 1 million per NRI per financial year (April–March) from NRO account for all permitted transactions combined. Amounts exceeding this require specific RBI approval via Form ODI or a special application — typically processed in 30–90 days.
Tax on NRI Agricultural Land in India 2026 – Income & Capital Gains
| Tax Type | Rate for NRI | Condition | Section |
|---|---|---|---|
| Agricultural income (crop revenue) | NIL — Exempt | Land classified as agricultural by state | Section 10(1) Income Tax Act |
| Rental income from agri land | Taxable as “Income from Other Sources” | Taxed at applicable slab rate + surcharge | Section 56 |
| LTCG on agri land (urban limit) | 12.5% without indexation OR 20% with indexation | Land held over 24 months, within municipal limits | Section 112A / 112 |
| STCG on agri land (urban limit) | Taxable at applicable slab rate | Land held under 24 months | Section 111A / Normal slab |
| LTCG on agri land (rural — outside limits) | NIL — Exempt | Agricultural land outside 8 km of municipality | Section 2(14) — not a capital asset |
| TDS by buyer on payment to NRI | 20% + surcharge + cess | Mandatory under FEMA — deducted at source | Section 195 |
| Wealth Tax on inherited agri land | NIL | Agricultural land exempt from wealth tax | Wealth Tax abolished 2016 |
Key Tax Planning Insight for NRIs: If your inherited agricultural land is classified as rural agricultural land (located beyond 8 km from a municipality boundary with population above 10,000), the sale is completely exempt from capital gains tax — it is not treated as a capital asset under Section 2(14) of the Income Tax Act. This is the single most powerful tax benefit available for NRI agricultural land investment in India 2026 and applies equally to NRIs and resident Indians.
Who Should Consider NRI Agricultural Land Investment in India 2026?
- 👨👩👧 NRIs with Inherited Ancestral Farmland: If you have already inherited agricultural land in India, actively manage it — lease it out, ensure encumbrance-free title, and plan for sale or conversion at the right time. Passive neglect is the biggest wealth destroyer for inherited NRI agri land.
- 🏢 NRI Entrepreneurs in AgriTech or Food Processing: The company-route investment makes excellent sense for NRIs wanting to establish organic farms, cold storage units, food processing plants, or agri-tech operations in India — all are FDI-permitted sectors.
- 💼 NRIs with 10+ Year Investment Horizon: Agricultural land is highly illiquid. Only NRIs who can afford to lock in capital for 7–15 years should consider agri-land exposure — either through inheritance or the company route.
- 🌾 NRIs from Agricultural Families (Punjab, Haryana, AP, Maharashtra): Those with family roots in major agri states where land values are appreciating rapidly due to urban expansion and infrastructure should proactively secure their inherited land rights before disputes arise.
- 📊 High-Net-Worth NRIs Seeking Portfolio Diversification: Agricultural land in India provides genuine diversification against global financial market volatility, inflation, and currency risk — it appreciates in rupee terms and provides real asset security.
- 🌿 NRIs Interested in Organic Farming or Agri-Tourism: Eco-farm stays, organic farming ventures, and agri-tourism projects are growing segments where NRIs can combine passion with profit — and this is a legitimate FDI-permitted route for NRI agri investment.
- ⚖️ NRIs Wanting to Resolve Family Land Disputes: Many NRIs have agricultural land held in joint names with resident relatives and face encroachment, partition, or succession disputes. Understanding your legal rights in 2026 is the first step to protecting your inheritance.
- 🚫 NOT Recommended For: NRIs looking for quick 2–3 year returns, those without trusted local legal representation in India, or anyone relying on verbal assurances from agents claiming NRIs can directly purchase agri land — this is illegal and a major fraud risk.
Agri Land vs Agri Mutual Funds – Which Is Better for NRIs? 2026
| Parameter | NRI Agricultural Land (Inherited/Company Route) | Agri Mutual Funds (SBI Rural, ICICI Agri) |
|---|---|---|
| Accessibility for NRIs | Restricted — only via inheritance/gift/company | Fully open — NRIs can invest via NRE/NRO account |
| Minimum Investment | Rs.10 lakh – Rs.1 crore+ per acre | Rs.500/month SIP or Rs.5,000 lump sum |
| Liquidity | Very Low — may take months to sell | High — redeem in 1–3 business days |
| Annual Return (estimated) | 10–22% (land appreciation + rental) | 12–19% CAGR (market-linked) |
| Regulation | FEMA + state land laws + IT Act | SEBI regulated — transparent |
| Tax on Gains | LTCG 12.5–20% or NIL (rural land) | LTCG 12.5% above Rs.1.25 lakh/year |
| Management Effort | High — legal, tenant, tax management needed | Zero — fund manager handles everything |
| Repatriation | USD 1 million/year limit via NRO | Freely repatriable from NRE account (if invested via NRE) |
| Best For | NRIs with inherited land or agri-business vision | NRIs wanting simple agri-sector equity exposure |
High-Value NRI Land Investment Terms You Must Know in 2026
- 📌 FEMA (Foreign Exchange Management Act 1999): India’s central law governing all foreign exchange transactions including NRI property purchases. Agricultural land purchase by NRIs is prohibited under Schedule I of FEMA Notification No. 1/2000-RB. RBI enforces FEMA compliance via Authorised Dealer banks.
- 📌 NRO Account (Non-Resident Ordinary Account): Indian rupee account for NRIs receiving income from India — rent, dividends, sale proceeds. All agricultural land sale proceeds must be credited here. Repatriation limited to USD 1 million per year after taxes.
- 📌 NRE Account (Non-Resident External Account): Freely repatriable rupee account for NRIs — but sale proceeds from property or land cannot be credited here under FEMA rules. Agri mutual fund returns invested via NRE are freely repatriable.
- 📌 OCI Card (Overseas Citizen of India): Lifelong visa facility for foreign nationals of Indian origin. OCI cardholders face the same restrictions as NRIs for agricultural land purchase in India — the OCI card does NOT grant NRI-exempt land rights.
- 📌 NA (Non-Agricultural) Land Conversion: State government process that converts agricultural land classification to residential or commercial. Once converted, NRIs can purchase the land as regular immovable property. Conversion takes 6 months–5 years depending on state.
- 📌 Mutation (Dakhil Kharij): Transfer of land ownership records in the local revenue (patwari/tehsildar) records after sale, inheritance, or gift. Mutation is mandatory for establishing legal ownership — NRIs holding inherited land must ensure mutation is completed in their name at the local tehsil office.
- 📌 Encumbrance Certificate (EC): Certificate from the Sub-Registrar’s office confirming that the property is free from any mortgages, loans, or legal disputes. Mandatory document for any NRI selling or leasing agricultural land in India — proves clear title.
- 📌 Section 195 TDS: Income Tax Act provision requiring the Indian buyer to deduct tax at source (20% + surcharge + cess) when paying an NRI for property sale. The buyer deposits this with the government and issues Form 16A to the NRI seller.
- 📌 Form 15CA / 15CB: Mandatory documents for NRI repatriation of funds above Rs.5 lakh. 15CA is self-declaration; 15CB is CA certificate. Both must be submitted to your Indian Authorised Dealer bank before remittance of agri land sale proceeds abroad.
- 📌 Land Ceiling Act: State law limiting maximum agricultural land holding per family. NRIs holding inherited land must verify their total holding (including family members’ holdings) does not exceed state ceiling limits — excess land may be acquired by the state.
Key Risk Factors for NRI Agricultural Land Investment in India 2026
Every NRI considering agricultural land investment or land management in India must understand and actively mitigate these risks in 2026:
- ⚖️ Encroachment & Land Grabbing: Unattended NRI-owned agricultural land is at very high risk of encroachment by neighbours, local political actors, or even relatives. Absence from India makes legal eviction slow and expensive. Solution: appoint a trusted local caretaker or a registered property management company.
- 📄 Title and Mutation Disputes: Many inherited agricultural land parcels in India have unclear title chains, unregistered wills, pending mutations, or joint family disputes. These can block sale or development for years. Solution: conduct a thorough title search via a local lawyer before assuming clean ownership.
- 🏛️ FEMA Violation Risk: NRIs who purchase agricultural land directly (through benami arrangements, local proxy buyers, or Power of Attorney misuse) face serious legal risk — FEMA penalties up to 3x the transaction value plus criminal prosecution. The Benami Transactions Prohibition Act 2016 has added criminal liability for such arrangements.
- 💱 Currency Risk on Returns: Agricultural land returns are in Indian rupees. While land appreciation in rupees has been strong, INR depreciation against USD, GBP, or AED means real dollar-equivalent returns may be lower than the headline rupee return. A land that 3x in rupee terms in 10 years may only 2x in USD terms if the rupee depreciated 30% in that period.
- 🌧️ Monsoon and Crop Failure Risk: If leasing agricultural land for crop revenue sharing, monsoon failure directly reduces tenant farmer income and rental payment capacity. The PMFBY crop insurance scheme provides some coverage but basis risk remains.
- 🏗️ Policy & Compulsory Acquisition Risk: State and central governments can acquire agricultural land for infrastructure projects (highways, metro, irrigation canals) under the Land Acquisition Act 2013. Compensation may be 2x–4x of circle rate — potentially below market value in high-appreciation areas.
- 🔒 Illiquidity Risk: Agricultural land in India can be very illiquid outside major urban centres. Finding a qualified buyer, negotiating a fair price, completing due diligence, and registering the deed can take 6–18 months — a critical mismatch if an NRI needs emergency liquidity.
For related reading on agriculture investment in India, explore: Agri Mutual Funds India 2026 – Rural & Agricultural Theme Funds Guide | Best Agriculture Stocks India 2026 – UPL, PI Industries & Coromandel | Government Agriculture Schemes & Yojana 2026
Official regulatory references: RBI – Reserve Bank of India (FEMA & NRI Property Guidelines) | Income Tax India Portal (Section 195 TDS for NRIs) | NRI Corner – Government of India Official Portal
Frequently Asked Questions – NRI Agricultural Land Investment India 2026
Can NRIs buy agricultural land in India in 2026?
No. Under FEMA and RBI Master Directions, NRIs are prohibited from purchasing agricultural land, plantation property, or farmhouses in India directly in 2026. This rule has not changed. NRIs can only inherit agricultural land from a resident Indian relative or receive it as a gift from a close resident Indian relative. OCI cardholders face identical restrictions.
Can an NRI inherit agricultural land in India?
Yes. NRIs and OCI cardholders can legally inherit agricultural land in India from a resident Indian relative through a valid Will or as an intestate heir. Inherited agricultural land can be retained, leased out for rental income, or sold. Sale proceeds must be credited to the NRI’s NRO account, and repatriation is permitted up to USD 1 million per financial year after applicable taxes are paid.
What is the FEMA rule for NRI agricultural land investment in India?
FEMA Schedule I (Notification No. 1/2000-RB) explicitly prohibits NRIs from acquiring agricultural land by purchase or gift from a non-relative. Permitted routes are inheritance and gift from a close resident Indian relative. FEMA violation penalties can reach 3 times the transaction value. Always verify the latest RBI Master Directions at rbi.org.in before any property transaction as an NRI.
Can an NRI convert agricultural land to non-agricultural land and then buy it?
Yes — once agricultural land is formally converted to non-agricultural (NA) status by the state government, NRIs can purchase it as regular immovable property under FEMA. However, the conversion process takes 6 months to 5 years depending on the state and is governed by state revenue laws. The buyer (NRI) typically cannot initiate conversion — the resident landowner must complete it first.
What returns can an NRI expect from agricultural land investment in India?
NRI agricultural land investment in India 2026 can deliver 10–22% combined annual returns (appreciation + rental income) in high-demand peri-urban agri belts. Rural agri land in major farming states appreciates at 6–10% CAGR while adding 2–4% lease rental yield. Peri-urban land near Pune, Bengaluru, Hyderabad, and NCR has delivered 4x–8x appreciation over 15 years — but liquidity is very low.
Which states allow NRIs to hold or lease agricultural land in India?
NRIs can hold inherited agricultural land in all Indian states. For leasing inherited land, Punjab, Haryana, Gujarat, Maharashtra, and Andhra Pradesh/Telangana have relatively clear legal frameworks for NRI agricultural land leasing. Karnataka, Kerala, and UP have more complex or restrictive tenancy laws — always consult a local agricultural land law specialist before entering any lease agreement in these states.
How can an NRI repatriate money from selling inherited agricultural land in India?
Sale proceeds must be credited to the NRI’s NRO account. After paying applicable capital gains tax and obtaining Form 15CA/15CB from a CA, the NRI can repatriate up to USD 1 million per financial year to their foreign bank account via Form A2 through an Authorised Dealer bank in India. Amounts above USD 1 million require specific RBI approval and take 30–90 days to process.
What are the tax implications for NRIs on agricultural land in India?
Agricultural income from crop operations is fully tax-exempt under Section 10(1) for NRIs — same as resident Indians. Capital gains on sale of rural agricultural land (outside 8 km of municipal limits) are also exempt as rural agri land is not a “capital asset” under Section 2(14). Urban agri land sale attracts LTCG at 12.5% (without indexation) for land held over 24 months. The buyer deducts TDS at 20% + surcharge + cess under Section 195 at the time of payment to an NRI seller.
📅 Last Updated: May 2026 | This complete guide on NRI agricultural land investment in India 2026 is regularly reviewed and updated for regulatory accuracy. Bookmark this page for the latest FEMA, RBI, and tax updates relevant to NRI agri-land holders. Disclaimer: This article is for educational and informational purposes only and does not constitute legal, financial, or tax advice. FEMA and state land laws are complex — always consult a qualified FEMA lawyer, CA, and local property law specialist before making any decisions regarding agricultural land in India as an NRI.
