Farm House a Good Investement

Investing in farmland is the best bet that sensible people should think about.

If you already have an apartment of your own in the city and are looking to park your surplus funds into real estate, it would make sense to think about investing in farmland. It may not give you immediate returns on your investment but in the long run, depending on the location of the land, your returns may be much higher than anticipated, under certain conditions, of course.
Selecting the location of the farmland is as important as buying it. The land should be probably around 20 – 25 kms out of the city limits and has a possibility for development due to city expansion. If the land is near a main road or the highway, chances are that development will arrive quicker than you think. Also, you must examine the feasibility of industries coming up in the area, in the future. When this happens, you are sure to hit a bonanza with the land price, especially if your land is converted from agricultural to residential.
There are, of course, certain constraints in buying agricultural land. Most states permit only agriculturists to buy agricultural land. If you have documents to prove that you have ancestral land which is agricultural, you will be able to buy such land. While some states stipulate that only an agriculturalist from the state can purchase agricultural land in that state, some others may permit buyers from other states, if they can prove that they hold or held agricultural land in their names.
Check these requirements from the respective land registration offices where you intend buying. There may be other ways of buying agricultural land and a reputed broker might be able to help here. Ensure you do a thorough due diligence and peg all legal hurdles before you enter into any agreement. It would make sense to go through a reputed lawyer who specializes in such matters.

Another point to be noted is that you cannot build a house on agricultural land unless you get that portion converted for residential use. This is a long drawn out procedure and it could take some frustrating efforts but you must have the patience to see it through. Generally, the District Collector or District Commissioner’s office handles this so it would make sense to approach this office to get the details.
When you decide on investing in farmland, you should look at a minimum of a quarter or half an acre. You may want to buy larger tracts of land if you can afford it. Smaller acreage is manageable on your own but with larger areas you would definitely need help. Generally, people who buy large areas of farmland would want to go in for agriculture for commercial reasons.
With a small holding of a quarter or half an acre you can, after building a decent farm house, cultivate the rest to produce vegetables and fruits or flowers for your own consumption, what with the prices of vegetables and fruits hitting the roof. Do soil tests before you plant. Stay organic and you can get help from the local agriculture office. If you do not have a water source, you would need to drill a bore-well and install a generator. Most states provide free power or reduced power tariff for agricultural use. Again, check what the power situation in that place is. Maybe you might need to invest in a battery-powered or solar inverter.

A half acre plot translates into 21,780 sq. ft. Assuming you leave a 5 feet setback on all sides, you should have approximately 18850 sq. ft of vacant land. Of this, if you use 3000 sq. ft. for the house construction, you will have a decent area to cultivate. Build a fence around your property and plant silver oak or teak, if possible around the fence and plant multi-coloured bougainvillea around the fence.
Depending on the climatic and soil conditions of the place, select the kind of vegetables or fruits that you would want to plant. Make small patches in the field, plant the seeds and use organic fertilizers, to produce enough for your own use. The excess you may gift or donate because the quantity may not be enough for commercial sale. It is an absolute joy to see your efforts fructify.

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