With increasing purchasing power, investors in India are now looking for innovative ideas to get higher returns on their investments. This is one method, investment in agricultural land to build a farmhouse. Some investors hold such land as an asset, a class of investors who take advantage of the growing market for organic fruits and vegetables to increase their income. Many experts believe that agricultural investment is a safe option as the returns on investment are generally higher than other investments and also provide security to investors’ money. Also called agro realty, the market for such investors is growing especially after the Covid-19 pandemic.
Advantages and disadvantages of buying a farmhouse:
Urban investors are now looking at the return potential of agricultural land to own a farmhouse in the peripheral areas of major cities and state capitals. As land is less expensive here compared to urban land, investors expect some good returns in terms of resale value.
Those who are thinking of buying agricultural land may find this opportunity quite attractive as many state governments are offering agricultural land for industrial and housing development. Recently, the Gujarat government announced that under the Gujarat Tenancy Act, real estate developers can purchase agricultural land to build affordable housing. Similarly, the state government in Karnataka has researched the Land Reforms Act, which has liberalized ownership of agricultural land and facilitated the purchase of agricultural land by non-farmers. This is just the beginning and soon many other states may offer agricultural land for real estate construction, which will increase supply and provide affordable housing.
Is it worth buying a farmhouse in India?
There is a need for considerable investment in the farmhouse. Therefore, investors should keep a clear financial plan in mind before investing in agricultural land. Also, investors must have realistic expectations from their investments, as returns from the agricultural sector are not as attractive as they are believed to be. Generally, investing in farmhouses is reserved for rich people who have surplus income. This process is tedious and time-consuming for city-dwelling professionals and self-employed people.
To make more money if a doctor becomes a farmer owning a farm, or if I become a doctor? If how much money you make is going to determine the choice of careers, go for medical school and become a doctor. Farming can be very profitable, but the only people I know who have succeeded in agriculture are people who do it because they love doing it. The reality is, both medicine and farming require investments of money and a year’s worth of life to reach a plateau where the career is profitable, and from the time a person enters medical school until they are through their internship, they will see little besides study and work, often 16 hours a day, every day, and even when they enter private practice or are staff physicians at hospitals they still work beyond a “regular” 40 hour week. I mention this because I don’t want to think that I am discounting the dedication and effort a career in medicine requires, but anyone who has worked in agriculture can tell you that the stress, labor, and mental investment in producing a crop doesn’t end at sundown, it begins before the sun rises and continues until everything that needs to be done is done. Even after a year’s harvest is brought in, there is dealing with the business end of the process, as well as researching market trends for profitable crops, equipment and building maintenance, field preparation for next season, and other activities to tend to.
How to make a profit on your land?
By using these methods you can get profit from your land.
1. Depending on the location, you can rent land for community gardening.
2. Start blogging about your new farming adventure.
3. Establish a bee farm and develop it for tourist activities.
4. If the land is fertile, grow unique flowers to sell in the local market.
5. Sell plant seeds online.
6. Provide facilities for pet sitting/creche.
7. Grow herbs and sell them online.
8. Give classes on farming per tour.
9. Use your land to generate solar energy.
