Contrary to popular belief, buying agricultural land is simple. However, you should be aware that investing in residential land parcels is not the same as buying such land. When you want to buy agricultural land, make a list and weigh the benefits and drawbacks of doing so. To make an informed decision about investing, you should also learn the paperwork needed to purchase agricultural land in Noida.
What is the agricultural land investment checklist?
- Check your area’s laws on buying and selling agricultural land in Noida. Before investing, this is essential.
- The maximum amount of agricultural land that may be purchased exists.
- Make it clear if you plan to cultivate the land yourself in addition to the returns you expect and whether you also intend to build a farmhouse. You may be leasing the agricultural land to someone for money.
- Farming demands perseverance, skill, and hard work. It’s not easy as many people these days make it seem.
- The legal title of the land parcel should be clear and transparent. You can find out all the details about the seller and plot by visiting the place in Noida and contacting the local registration, land revenue, and other authorities.
- To learn more about the number of owners of the agricultural land parcel and its registration history, check the encumbrance certificate.
- Location is essential: if the plot is included in a government development project or master plan, you might receive a higher return. Returns might also be higher if your property is close to future infrastructure projects like a highway, airport, or special economic zone (SEZ).
- If the government decides to buy your property, you will be compensated at fair market value. You will get consistent returns if you donate your land to any government land pooling programs.
- Investing in the application process if you want to convert agricultural land to living space. The conversion procedure is demanding, with many rules in place.
What types of documents are required to purchase agricultural land in Noida?
- Extracts from 6/12, 8A, and 7/12
- The village’s map or Naksha
- Revenue from the land revenue department’s taxes
- If there is a conveyance or registration deed
- Report on soil analysis
- Obligation certificate
- The original title to the land
- Patta book or papers on mutation
- Khata documents.
Due to the current construction in Noida and the high demand for land, land’s cost has increased significantly over the past few years. The price is expected to increase by another 15% to 20% annually. As a result, an investor can project a 100% return over the following five years. The Yamuna Expressway plot has recently attracted a lot of investors, but some feel left out now that the price has risen and appears to be beyond their means. To them, investing in agricultural land close to Noida is the best option. There are many affordable options for agricultural land in Noida.
The benefits of purchasing agricultural land near Noida are as follows:
Price affordability
The price range for plots developed by the authority is between $ 25,000 and $ 35,000. In contrast, the price range for plots developed by private developers is $50,000–$60,000. However, depending on location, the cost of the agricultural land near Jewar Airport ranges from 1500 to 1700 per square meter.
Probability of Acquiring Land
There is a chance that agricultural land will be acquired for future development near the airport, which would immediately drive up the cost of agricultural land in Noida. The acquisition rate during the first phase was between 2300 and 2500 per square meter. Additionally, you can look at projects on the Yamuna Expressway, Noida Expressway, Greater Noida, and Noida Extension for sale in Noida.
Prime residential plots in prime locations: chances of getting one
If the authority buys a farmer’s farmland, the farmer may receive a plot. The land is offered in a fully built-out neighborhood. The land is always more expensive than purchased farmland.
Agricultural land for sale in Greater Noida
Given that we already know that airport construction is underway, there is a high demand for agricultural land in Greater Noida and along the Yamuna Expressway. We have a lot of agricultural lands available for sale where you can use them for agricultural purposes or get a good return on investment in 3-4 years. Due to the influx of investors and end users looking to purchase prime agricultural land in Greater Noida over the past few years, the price of agricultural land has increased. Although the cost of agricultural land in Greater Noida is now very affordable, prices will eventually rise.
Greater Noida currently has reasonable prices for agricultural land for sale. Any agricultural land in Greater Noida is best purchased right now. Different-sized land parcels are now offered, and a transaction can be facilitated quickly. One of the many uses for agricultural land is construction. When agricultural land is invested, the return on the investment can double within three to four years. This area is developing quite well, and a lot of infrastructure is being built there. Additionally, there are numerous colleges and universities in this region. There is going to be a massive apartment area in Greater Noida.