I'm US Citizen now. I did a lot of googling and understand very well that I (as a foreigner) can not buy agriculture land in India. But my parents and a brother live in India, we have some agricultural land and houses there. There is small piece of agricultural land next to the existing one so my father is insisting me buying it. I do want to buy as well, but the issue is that when my father will be gone in a few years then all property will get split between me & my brother. Is it OK to let my father buy this piece of land in his name and then make a "will" so it will come to my name so no split will happen on it? In fact, I had bought some land before when I was not US citizen so I think to add this piece also and hoping this would be my some passive income & peace of mind when I get old! Please advise and share any experience you may have.
Thanks a lot.
Thanks a lot.
Comment