When dealing with NRIs and potential buyers who may prefer to buy the land in installments, it is essential to understand the legal implications of selling agricultural land. It is not possible for NRIs to buy agricultural land, but they can sell it if they already own it or have inherited it. However, selling a large chunk of agricultural land can be complicated, especially when the buyer is a farmer who cannot afford to pay the full amount upfront.
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To avoid any potential legal disputes or problems, it is advisable to divide the land into smaller plots or agreements. Instead of accepting bayana (advance payment) for the whole land, it is better to split the land into ten different agreements and accept bayana only for one acre at a time. This way, even if the buyer defaults on payment or goes into litigation, only one acre will be affected, and the remaining land can still be sold.
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It is important to give verbal assurances to the buyer that as long as they keep their promise of paying for one acre every month or two months, you will transfer the property to them. We can ensure a smooth completion of the sale by minimizing the risk of getting into a dispute and completing the sale of the land smoothly.
Conclusion
To conclude, selling agricultural land can be a complex process, especially when dealing with NRIs and buyers who cannot afford to pay the full amount upfront. It is important to understand the legal implications and restrictions surrounding the sale of agricultural land and take measures to avoid potential disputes or problems. Dividing the land into smaller plots or agreements and accepting payment in installments can be a practical solution to minimize risk and ensure a smooth sale. Providing verbal assurances to the buyer can also help build trust and facilitate the process. Overall, it is advisable to seek professional advice and approach the sale of agricultural land with caution and careful consideration.