Planning to buy farmland in India, here are top 5 locations to consider

India is a country with a rich agricultural heritage and a diverse range of farmlands spread across its vast geography. Buying a farmland in India can be an excellent investment for those looking to pursue agriculture as a business or simply enjoy a rural lifestyle. Even the pandemic has increased the demand for farmlands, farmhouses, weekend homes as companies are now open for flexible work locations and employees are constantly looking for an escape to nature. Interestingly, the category is also seeing promising capital gains and rental incomes, which is aiding the sector's growth.
However, buying farmland in India can also be a complex process, with many legal and regulatory requirements that must be met. And all the states have different norms which must be known before any investments. A prime factor which also should be considered before investing in farmlands is location.If you are planning to buy farmland in India, here are some top locations you may want to consider:
1. Punjab
Punjab is known as the "Granary of India" because of its fertile land and high agricultural productivity. The state is famous for producing wheat and rice, and also grows crops such as cotton,sugarcane, and fruits. And the weather and the soil quality both support extensive farming needs. Owners generally build a structure on their farmhouse and use it as a weekend celebration location. Agriculture being one of the most promising careers there has generated high demands for farmlands.
2. Maharashtra
In Maharashtra, the agriculture land can be purchased by an existing farmer only. The farmer may be anywhere from India. Locations near Pune, Nashik, Sangli, Trimbak, Matheran are few popular options. The climate is favorable for agriculture, and the state has a well-developed irrigation system.
3. Karnataka
The majority of people here are from the working class, and WFH is the new culture since the pandemic. So, employees, youth or middle aged, are looking for affordable solutions where tranquility and serenity meet. This led to rise in demand for farmlands in the region. And the weather is equally supportive for farming and outdoor activities, hence, owning farmhouses and farmlands is the current trend here. And developers, being opportunists, are bringing up many affordable and luxury solutions to meet this need. Most popular locations in the state are nearby areas of Bangalore, Hosur, Coorg, Chikamangalur, Nandi hills, Tumkur.
4. Uttar Pradesh
In Uttar Pradesh, anybody can buy agricultural land with a ceiling of 12.5 Acres of land. The fertile soil and favorable climate make it a good location for agriculture. Uttar Pradesh is the largest producer of wheat, sugarcane, and potatoes in India. Also, Uttar Pradesh houses many upper middle class business families which often require a vacation home to host regular parties. They opt to choose farmland, build a weekend home and make the most of it. Best locations are Etah-Kanpur highway, Delhi-saharanpur highway, nearby locations of Lucknow, Agra and Ghaziabad.
5. Tamil Nadu
Tamil Nadu is known for its production of rice, sugarcane, and groundnut. The state also produces spices, fruits, and vegetables. The climate is suitable for agriculture, and the state has a well-developed irrigation system. Best locations to buy farmland in the region are near Madurai, Yercaud, Coimbatore, The Nilgiris.
These are just a few of the many locations in India that are suitable for agriculture and are prime destinations for investment in farmlands. It is, though, important to do thorough research and consult with experts before making a decision on where to buy farmland. One must keep in mind that investing in high-quality, rich agricultural property in a favourable location also gives you the freedom to use that particular plot of land for various purposes down the road, like starting a farming profession, or building a retirement home.
Written by Farmland Bazaar Team
Agricultural assets advisor contributing to Farmland Bazaar v2. Focusing on organic investments, soil analysis reports, and deed checks.