Buyers investing in agricultural land must adhere to state-specific rules

Some states allow only agriculturists to buy, while others require outsiders to secure approval prior to purchase

A leading actor’s daughter is facing legal trouble over her purchase of agricultural land outside Mumbai, according to media reports. The plot was originally earmarked for agricultural use and could not be transferred without obtaining the requisite permissions and completing paperwork, which was not done. Investors planning to invest in agricultural land outside major cities to benefit from their expansion must tread with caution.

 

City’s growth drives prices up

 

Buying land on the outskirts of cities with a 10-year horizon can be rewarding. “Urbanisation creates demand and leads to appreciation in the value of land on the outskirts of major