Chennai happens to be Tamil Nadu’s commercial capital. Many know that a place has witnessed good urban and commercial growth due to the increase in urban as well as white-collar job postings. Chennai is still also associated with its lush green farmland.
This aspect is furthering interest among numerous investors, business-minded farmers and other agricultural professionals seeking an active role in its agriculture sector following the surge for organic farming. If you wanted to invest your money in Agricultural Land in Chennai, now would be a good time to scrutinize many possible opportunities in that region.
Why Invest in Farmland in Chennai?
There are many benefits which one gets upon investing in Farms for Sale in Chennai. Have a look, why should you invest in farmlands as per your investment scheme:
1. High Return in Investment ROI.
The price of agricultural land increases with time, especially in Chennai, wherein land near to fast-developing places is highly in demand. As the city continues to grow, more farm lands outside the cities or in villages can generate significant long-term profit. Also, you can earn passive income by leasing or farming operations.
2. The Rising Demand for Organic and Sustainable Farming
Such a trend of natural products and lifestyles has fetched agricultural land into the list of most sought-after resources. Today, many investors and individuals are on a lookout to grow organic crops or to put up dairy farms and even agro-tourism ventures. The coastal proximity and fertile soil make Chennai one of the best places for organic farming.
3. Tax advantage and governmental support
Indian agriculture has many benefits; one among those is a lot of exemption from tax gain while selling such property. More benefits are subsidy and loans, which the Indian government is offering to grow its agricultural production for the population’s benefit.
4. Diversification of Portfolio
Agricultural land is a physical asset that can give diversification to your investment portfolio. Due to volatility in the stock market and Real Estate, as well as inflation fears, agricultural land represents a relatively secure and stable place for preserving one’s wealth.
5. Rise in Demand for Agricultural Products
The more the population is in Chennai and its surroundings, the more is the demand for food products. This implies that in the market for agriculture products such as vegetables and fruits, even livestock. The direct form of reaching into this growing market is by buying farm land.
Best locations for Farmland in Chennai
The location will be a crucial factor when buying Farm Land for Sale in Chennai as it determines the potential for future growth and profitability. Here are some of the best spots to by land in and around Chennai:
1. Sriperumbudur
Sriperumbudur is one of the most expensive regions for land meant for agricultural use in Chennai. It lies 40 km from the city, and becoming an industrial area has brought into its reach all the important transportation networks. Good quality soil with constant water availability makes it suitable for groundnut, cotton, and vegetable growing.
2. Chengalpattu
The district of Chengalpattu is also known for agricultural activities, and one of the principal areas to purchase Farm Land in Chennai. Because it is situated close to the city and the road connectivity is good, this is the most suitable area for those who intend to invest in agriculture, dairy farming, or horticulture.
3. Kancheepuram
Kancheepuram is quite famous for silk weaving, apart from being an arable tract suitable for agriculture of paddy, sugarcane, and vegetables. The place is more than ideal to start agro-based industries close to the city and other business centers.
4. Tambaram and Its Neighbourhood
River Properties offers farm land at the periphery of the city as Tambaram is one of Chennai’s better developed suburbs. It’s an ideal place for one to invest in land to cultivate or in agro-tourism since this would benefit a person in taking up rural farming yet near enough to the markets in urban areas.
5. ECR
There are quite a few farming properties along the Chennai coastline stretching along the East Coast Road. It is perfect for aquaculture or coastal farming ventures since it is close to the beach. The scenic beauty of the area also makes it ideal for agro-tourism and organic farms.
Key Considerations When Buying Farm Land in Chennai
Before investing in farm land for sale in Chennai, consider these factors so that your investment will be sound:
1. Soil Fertility
The quality of the soil determines the agricultural output. Check out the soil condition and fertility, and that determines the type of crops you will plant. Then, you may be able to take small steps regarding land suitability for agricultural purposes by having a soil test.
2. Availability of water
Water is the most significant farming practice; therefore, ensure the locality has a source of water such as wells, rivers, or borewells. Land with proper irrigation systems increases your chances of success.
3. Title deed and other documents
Check if the land is owned and check on the title. It should be that there is no dispute over the land legally, and all the approvals and documents needed are in their proper places. That is checking if there are zoning permissions and the land falls in the right category for agricultural purposes.
4. Connectivity and Infrastructure
The land close to major highways, markets, and urban centers is important because the produce will find easy transport. If one wants to sell the produce, connectivity with Chennai or any other town will help access consumers quickly.
5. Future Plans for Development
You must research the prospect of future urbanization in the area. In case the region is about to become more developed, you will be able to sell the land at a premium price later. However, if you want to convert agricultural land into commercial purposes, it would require government approval, and so you should be aware of local policies.
Conclusion
Buying Farm Land for Sale in Chennai might be a really good opportunity not only for a traditional investor, but also for the first-time buyer. With suitable location, thoughtful planning, and knowledge of farming trends, the investment can promise good returns to the investor in addition to their contribution to meeting the growing sustainable farming and food production demands in the country. Be it crop cultivation or dairy farming, even an agro tourism venture, one can think of limitless possibilities in such fertile lands offered by Chennai.
Invest in farm land today in Chennai to secure your future with one of the most lucrative and stable assets available.