In India, agricultural land is something that is highly treasured. There are many people who look to get their hands on a good plot of agricultural land for a variety of reasons. For farmers, they want a place where they can grow crops and make some money. For others with an interest in farming but no knowledge about it, they may want to have a place where they can learn how to farm or even set up a farm of their own. There are also people who just simply want to invest in agricultural land. Indeed, agricultural land in India remains one of the most popular investment opportunities in the country today.
But before you start your research on buying land for farming, you must first know who is eligible to buy it in India.
Who is eligible to buy agricultural land in India?
Agriculture is a state subject in India and thus all states have their own set of regulations that govern the sale, purchase, and usage of agricultural land. Almost all states except, Telangana, Tamil Nadu, and Kerala require you to be a farmer or your father/grandfather to be a farmer for becoming eligible to buy agricultural land. If you do not belong to a farming family, then in certain cases you are required to show that you already own a piece of agricultural land that you were lawfully allowed to buy before. If you do not satisfy any of these conditions, then there are other sets of rules and criteria that need to be followed which are different for different states.
Once you have fulfilled all the requisites, you can start your search for perfect farmland. Here are a few options where you can find land that suits all of your requirements.
1. Find land through agents
There are a number of ways to find land for farming. If you’re looking for an agent, try checking with any real estate offices in the area where you want to buy land. Many of these companies keep lists of local plots and farms for sale. You can also check with your state’s department of agriculture. They sometimes hold auctions for unclaimed parcels, which you could bid on at the last minute.
2. Bank auctions
You can also buy land by bidding on it at land auctions held by different banks. The banks sell out the lands that turn into non-performing assets or NPAs in auctions, sometimes at surprisingly low rates. You can visit websites of different banks to check for any upcoming land auction event or you can also check platforms like bankeauctions.com which is a portal that shows upcoming auctions for movable and immovable properties that are being foreclosed by banks.
3. Online property portals
The online real estate market is one of the easiest markets to get into, especially if you are planning to buy land. There are several trusted online real estate property portals where you can apply the relevant filters and find land. You can check online portals like 99acres.com and olx.in and search for the agricultural land category and explore various properties.
4. Agri land marketplaces
Apart from looking out for land on real estate portals, there are a few online marketplaces that are exclusively for farmers. SFarmsIndia is one such online marketplace that provides a platform to buy and sell agricultural lands and small farms. Tractor Junction is another such platform where farmers can buy/sell farmlands, get insurance, loans, and new/used tractors and farm equipment.
Buying agricultural land is a big decision. There are many factors to consider in the process of acquiring a plot of land, and with all the options available it can be hard to know where to start. In this guide, we’ve tried to list out the different options available where you can find agricultural lands.