Legal Question in Real Estate Law in India

Can an LLP buy agricultultural land? Would the ceiling limit of purchase be the sum of ceiling allowed to each partner or would the LLP be treated as just one person? All partners would like to pool their land together and give 1 partner management & operational rights to look after their land. Thanks


Asked on 9/04/11, 8:53 am

4 Answers from Attorneys
Shrichand Nahar S.V.Nahar, Advocate

You need to check local laws of the state in which agricultural land situate. Some states like State of Maharashtra have laws prohibiting purchase of agricultural land by a non-agriculturist.

Read more
Answered on 9/04/11, 9:52 pm
RAJIV GUPTA (Cell: +91 9811284735) [email protected]

agricultural land can be purchased only for agricultural purposes.

Read more
Answered on 9/04/11, 10:50 pm
Sanjay Kalra Sanjay Kalra & Associates

I have answered this question.

Read more
Answered on 9/06/11, 3:59 am
KarVai Legal Solutions Rajiv Gupta 9811284735 Ch.No: 359, Western Wing, Tis Hazari, Delhi www.karvai.in

there is prohibition of using agricultural land for other purposes

Read more
Answered on 9/07/11, 2:37 am


Related Questions & Answers

More Real Estate and Real Property questions and answers in India