Most of us dream of owning a piece of agricultural land, where we can fulfill our passion for farming as well as use it as a weekend getaway. Investing in agricultural farmlands in India has great advantages; the major one being that income earned from and the profit made from selling the farmland are free from taxation. It also seems unlikely that it will be made taxable over the coming years.
India is the second most populous country on earth that occupies more than 17.5% of the population and is known for its agricultural farming practices. India, like many other countries is really concerned about food security. Thus, rural development has become one of the primary areas of focus in the present horticultural and agricultural development programs.
An opportunity for long term wealth creation
For most of the Indian middle class, gold has been the sole-savior for keeping up with inflation. The returns through fixed deposits and bonds do not suffice to cover inflation and the share markets have been unstable. It is time to think what other opportunities can be a good long term investment other than investing in the shiny metal. Owning agriculture farm plots is a tremendously rewarding long-term wealth creation opportunity, especially if you are staying in a metropolitan cities like Hyderabad, Mumbai, Bangalore, Delhi or Pune.
Well, decades on and the agriculture sector still looks like a pretty good bet, which provides the buyers long term growth prospects and tax benefits. Agricultural land investment in India offers a high level of capital security as it is backed by a physical property. With the limitation to the supply of agricultural land, anyone who owns a piece of land is rightly positioned and highly secured. The interest in investing in agricultural land is on the rise across the country – Be one among the early movers to benefit the most! With due diligence, you can acquire agricultural land as a component of your investments.
For self-employed and salaried professionals residing in cities, going through the process of buying agricultural land and cultivating crops can be time-consuming, tiresome and a tedious process. To make life a little easier for such individuals, many realtors offers a unique long term wealth creation opportunity for people to own farmland and take up agriculture.
Let’s look at the various advantages a farm land offers:
– Owning an agricultural farmland is a fruitful option for creating long term wealth.
– The income earned through agriculture is free from income tax.
– There is demand and supply mismatch across the country, which leads to the increase in agricultural commodity prices.
– A farm plot is a stable profit-producing asset that has stood through the test of time.
– It has been the storekeeper of fortunes, wealth and value.
– You are sure to reap big benefits on the long run as the value cherishes over time.
– A great hedge against inflation
The right solution to your never ending search
If you’re looking for a long term wealth creation opportunity in agriculture around Hyderabad, Mumbai, Bangalore, Delhi or Pune, 24acres has the solution.