PANAJI: NRIs and PIOs cannot purchase agricultural land, plantation property or farmhouses in India, said A Subramanya, Manager, Foreign Exchange department, Reserve Bank of India, Panaji. At a seminar organized in collaboration with the Institute of Company Secretaries of India and Gon 'Acquisition of Immovable Property by Non-Resident Indians', Subramanya said there are no restrictions on the number of residential or commercial properties that NRIs and PIOs can be purchased. ..........
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