Doing away with Common Myths like Non-Local, Far Away, Insecurity:
The real estate sector has been hard hit by the reverse migration of laborers and middle-class employees to their native places after the lockdown was clamped across the country. The sector is trying to catch up with the trend in the rural areas.
Telangana Agriculture lands have high value due to full water resources, well-developed infrastructure, IT industry, Pharma hub, Biotechnology companies, and other famous manufacturing industries. The cities and surrounding farmlands are being converted into real estate,the prices are skyrocketing, and people are unable to buy.
In rural areas, prices are lower compared to cities and are the best options for investing. People in their hometowns are unable to purchase as the land prices are very high. So whatever amount you have at your disposal, you can buy the land in other places.
The land prices are higher in our hometowns, and we cannot buy land. With the amount we are having, we can invest in other areas where prices are lower. With the adoption of the Dharani scheme, all the records have been secured into digital records. Under this system, all the manual records have been migrated into digital documents, giving security and peace of mind. Owning a farm plot with an organic plantation managed by professional developers has become a sought-after investment option. And the pandemic has only further pushed investors into looking at healthy eating along with stress-free living. This thought process has further enhanced buying farmlands in rural areas.
Almost in every rural area, nonlocals have bought land parcels at much higher prices than the locals has only raised the farmlands prices many folds. Two decades back, if a farmer wanted to sell land, he had the only option of selling it to a local farmer. This way, there was no appreciation of prices. Moreover, the prices were controlled by local elements, land lords and financiers. When the nonlocals started buying land parcels, the investing scenario changed, price holding elements got eliminated, lands prices raised and buyers and sellers were getting benefits. These can be illustrated by the two examples below.
About ten years back, a businessman from Hyderababd bought a land parcel in the Maripeda Bangla in Telangana at the rate of 3 lakhs per acre. This was the time when there was not much awareness nor security. He recently sold a portion of this land parcel at a rate of 25 lakhs per acre.
Similarly, some techies from overseas bought a tract of land in Narketpally surrounding areas about ten years back at a rate of 2 lakhs per acre. Few are growing organic vegetables, few producing fruits through orchards and getting a steady income for the past ten years. The current land rates in the region are hovering around 30 lakhs per acre. Thus, we see that they are not only getting a good steady income for the past ten years, and their property investment has grown 15 times in 10 years. No other investment option can beat these returns globally. This has led to the success of orchard plantations in the past two decades.
Hyderabad, Ranga Reddy, Medak, Nalgonda, Khammam, Nizamabad, Warangal, and Adilabad have seen migration from different states. In today’s digital world, the piece of land binds all. There is nothing like local or nonlocal. Everybody is a local irrespective of caste, creed, or the language one speaks.
The migration has been boosted by the richness in tradition, culture, and heritage of Telangana. The locals are friendly and happy to go lucky, which has made life easier for the new migrants. This is the right and opportune time to invest in farmlands irrespective of where you work or your hometown, benefit from the high appreciation value of the land, thereby getting great returns.