How Much Does Farm Land Near Bangalore Cost?

‍As someone who is interested in investing in farmland near Bangalore, you may be wondering how much real estate costs in the area.

While prices can vary depending on the location, size, and quality of the land, the average cost of farmland in the Bangalore area is around Rs 1-2 crore ($120,000 to $240,000) per acre. However, it's important to note that prices can fluctuate - with due diligence being essential.

As experienced real estate consultants, you can trust us to provide you with accurate and relevant information about property information in the Bangalore area. In this article, we’re going to take a closer look at the value of real estate prices in Bangalore to help you make an informed decision about your potential property acquisition.

‍Current Market Rates for Farm Land Near Bangalore

As of July 2023, the current market rates for farm land near Bangalore vary depending on factors such as location, size, and soil quality.

According to MagicBricks, the average price per square foot for agricultural land in Bangalore is ₹349 ($4.26). However, prices can range from ₹20.94 L ($25,480)to ₹3.5 Cr ($426,649), depending on the location and other factors.

It is important to do your research and carefully consider all of your options before making a purchase.

Factors Influencing the Cost of Farm Land

As someone who has been researching the cost of farm land near Bangalore, I have found that several factors influence the price of farm plots . Here are some of the most important ones:

Location

One of the most significant factors that influence the cost of farm land is its location.

Land that is located closer to the city or in more developed areas tends to be more expensive than land located in rural areas. For example, farm land located in the outskirts of Bangalore is generally more affordable than land located in the heart of the city.

Size of Land

Another factor that affects the cost of agricultural farm land is the size of the land. Larger plots of land tend to be more expensive than smaller ones.

However, the price per square foot of land decreases as the size of the plot increases. So, if you are looking to buy a large amount of land, you may be able to negotiate a better price.

Type of Soil

The type of soil on the farm land can also affect its price. Some soils are more fertile than others, which can make them more desirable for farming.

For example, red soil is considered to be one of the best types of soil for agriculture in India. As a result, farm land with red soil tends to be more expensive than land with other types of soil.

Accessibility

The accessibility of the farm land is also an important factor to consider. If the land is located near a major highway or has easy access to transportation, it may be more expensive than land that is located in a remote area.

This is because it is easier to transport goods to and from the farm, which can increase its value. Having good accessibility such as a tar road or national highway close to your property would be a prime location - increasing the value of the land.

Infrastructure

Finally, the infrastructure surrounding the farm land can also affect its price. If the land has access to electricity, water, and other utilities, it may be more expensive than land that does not have these amenities. Additionally, if the land has existing structures, it may be more expensive than land that is undeveloped. These are some examples of structures:

• House
• Farm house (Barn)

Overall, when looking to buy farm land near Bangalore, it is essential to consider these factors to determine the price of the land. By doing so, you can make an informed decision and negotiate a fair price for the property.

Legal Aspects to Consider When Buying Farm Land

Land Use Classification

Before buying farm land near Bangalore, it is important to understand the land use classification.

Wet vs Dry Land

Agricultural land is classified into two categories:

• Wet
• Dry

Wet land is land that requires irrigation or has a water source nearby, while dry land is not irrigated and relies solely on rainfall. The price of wet land is higher than dry land due to its higher productivity.

Many farmers resort to rain water harvesting  when irrigation becomes an issue on dry land parcels.

Local Regulations

It is also important to note that the Karnataka government has strict regulations on land use. Agricultural land can only be used for agricultural purposes, and any non-agricultural use requires approval from the government.

Therefore, it is crucial to ensure that the land you are buying is classified as agricultural land and has all the necessary approvals for non-agricultural use if you plan to use it for any other purpose.

Title Deed Verification

Title deed verification is an essential aspect to consider when buying farm land. It is important to verify the ownership of the land and ensure that the seller has the right to sell the land. The title deed should be free from any encumbrances, such as mortgages, liens, or legal disputes.

Authenticity Verification

It is also important to verify the authenticity of the title deed. The title deed should be registered with the government, and the seller should provide all the necessary documents, such as sale deed, khata certificate, and tax receipts.

Legal Verification

To ensure that the title deed is genuine, it is recommended to hire a lawyer or a legal expert to verify the documents and conduct due diligence. The lawyer can also help you prepare the sale agreement and ensure that all the necessary clauses are included to protect your interests.

In conclusion, when buying farm land near Bangalore, it is important to consider the legal aspects, such as land use classification and title deed verification. Hiring a legal expert can help you navigate the complex legal procedures and ensure a smooth and hassle-free transaction.

Financial Aspects to Consider When Buying Farm Land

When it comes to buying farm land near Bangalore, there are several financial aspects that you need to consider before making a purchase.

In this section, I will discuss some of the most important financial factors that you should keep in mind when buying farm land.

Initial Investment

The initial investment required to buy farm land can be quite substantial. The cost of land varies depending on several factors such as location, size, and fertility.

According to my research, the cost of one acre of agricultural land in Karnataka is around Rs. 30-40 lakh ($36,570 to $48,760). However, the price of farm land for sale may vary depending on the location and other factors.

Apart from the cost of land, you also need to consider other expenses such as legal fees, registration charges, and stamp duty. These expenses can add up to a significant amount, so make sure to factor them into your budget.

Maintenance Cost

Once you have purchased the land, you will need to invest in its maintenance. The cost of maintenance will depend on several factors such as the size of the land, the type of crops you plan to grow, and the availability of water.

Some of the maintenance costs that you may need to consider include:

• Labor costs for plowing, planting, and harvesting
• Cost of seeds, fertilizers, and pesticides
• Cost of irrigation and water management
• Cost of equipment such as tractors, harvesters, and other machinery

It is important to factor in these costs when planning your budget for buying farm land.

Potential Return on Investment

One of the most important financial aspects to consider when buying farm land is the potential return on investment.

The return on investment will depend on several factors such as the type of crops you plan to grow, the market demand for those crops, and the yield you can expect.

Land Appreciation

According to my research, agricultural land in India has been known to appreciate at a faster rate than other types of property. The appreciation rate of agricultural land in India is around 10% to 12% per annum. In addition, investing in agricultural land can provide tax benefits.

However, it is important to note that the potential return on investment may vary depending on several factors such as market conditions, weather patterns, and government policies.

In conclusion, buying farm land near Bangalore can be a significant financial investment. It is important to consider all the financial aspects involved in the process, including the initial investment, maintenance costs, and potential return on investment. By doing so, you can make an informed decision and ensure that your investment is profitable in the long run.

Comparing Farm Land in Bangalore to Other Regions in India

As a potential investor in farmland in India and an organic farming enthusiast, I was interested in conducting a comparative analysis of farmland prices in the Bangalore region and other regions in the country.

After researching this topic, I found that while agriculture land prices vary across India, the Bangalore region consistently ranks among the highest in terms of price per acre.

For example, in 2021, the average price of farmland in the Bangalore region was around Rs. 50 lakhs per acre ($60,950), while in other regions such as Uttar Pradesh and Bihar, the average price was around Rs. 10-15 lakhs ($12,190 to $18,285) per acre.

Understanding Banaglore’s High Farm Land Prices

One of the factors that contribute to Bangalore rural farmland prices is its proximity to urban areas and its reputation as a hub for technology and innovation. This has led to increased demand for farmland in the region, as investors and developers seek to capitalize on the growing urbanization trend.

However, other factors such as soil quality, irrigation facilities, and government policies also play a role in determining farmland prices across India.

In addition, Bangalore also referred to as Electronic City has excellent infrastructure and amenities that are accessible to most farmers in the region. This can include owning a home in a gated community with a swimming pool and club house that is surrounded by lush greenery. Factors such as these greatly influence the cost of farm land prices in Bangalore.