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Can a Private Company Take on Lease Agricultural Land in Karnataka?
11-Feb-2023 (In Property Law)
Dear Sir/Madam I want to enquire if a private limited company can take on lease agricultural land in the state of Karnataka. The company plans to make investments in modern technology to improve the productivity of the farm. The land will not be used for non-agricultural purposes. Is this possible? If so, please guide me to the relevant section of the law? Are there any conditions to be kept in mind and what is the procedure?
Karnataka Land Revenue Act debars non-agriculturists from purchasing farm land; Section 109 says certain land can be exempted from the provisions of the act for the purposes of industry and horticulture, and for educational institutions, places of worship and housing projects.
Any company wanting to buy farm land has to go through the high-power committee before approaching the cabinet.
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Adv. Siddhant Sharma
Delhi | 200+ Answers
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