Question regarding benifits of OCI

O

ocipio

New Member
Hi all,
I am planing to get Canadian Citizenship. I have a question about the benefits of OCI it states that ''can not acquire agricultural or plantation properties in India''.
My parents are still Indian Citizen and they own some agricultural land. If i take Canadian Citizenship and then take OCI ..am i eligible to inherit that land?... as there is no mention of inheritance of agricultural land if you become foreign citizen and take OCI.Any helpful info will be great.
Thanks:)
 
ocipio,
From what I understand, inheritance should not be an issue.
Please check the following links for more detailed discussion...
http://www.r2iclubforums.com/forums...-invest-in-agricultural-farmland-revenue-land
http://www.immihelp.com/forum/showthread.php?t=25255
http://www.r2iclubforums.com/forums/forumdisplay.php/51-Indian-Real-Estate
http://www.r2iclubforums.com/forums/showthread.php/20611-Can-US-citizen-buy-agricuture-land-in-India

Here is the actual RBI page on this topic..
http://www.rbi.org.in/scripts/FAQView.aspx?Id=33

There were a couple of posts where references to RBI and the interpretation on Agri lands were clearly given.... Not able to find them.... I know user "ginnu" has posted a lot of information in several other posts on this topic... See if your search skills yield some results... If i find them, I will post them here as well.

Cheers!!!
 
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