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Buying a part of nature, a farmland, is exciting, rewarding and satisfying. But can the excitement alone justify purchasing a massive asset? If the thought is enough to buy farmland? No, it needs proper research, a huge amount of background checks , legal formalities and paperwork. And there are few other aspects which need to be gauzed before the investment, afterall it's an investment that will yield returns for generations to come, if taken care properly. And if you are also to buy farmland, then here are top 5 mistakes that need to be avoided and to be taken care of before buying farmland
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6 Mistakes to Avoid when Investing in Farmland in India farmlandbazaar.com @farmlandbazaar
Neglecting the significance of undisputed land titles: A farmland’s title must be verified before purchase because legal issues would arise. This leads to delay of acquisition. So, a detailed review of the mother deed documents is a step in the title verification process. farmlandbazaar.com @farmlandbazaar
Presuming a state’s law holds good for all the other states: Just a way agricultural produce is different in different states, the agricultural and thus farmland law are different for different states. Know the land laws of the state and the ceiling limit of the number of lands that can be purchased by an individual. farmlandbazaar.com @farmlandbazaar
Failure to conduct a proper land survey A physical land survey is efficient to check the suitability of land for agriculture. So, the soil's state and quality must be well-drained, rich in minerals, and organic which is a good land for farming. farmlandbazaar.com @farmlandbazaar
Failure to know the seller Examining the earliest document would reveal information about the history of the land. A buyer should know whom he/she is buying from as this may help to resolve any land dispute in the future. farmlandbazaar.com @farmlandbazaar
Failure to set a proper objective Investing in a property and not setting a goal leads to disappointments if you don't get expected returns. Setting a goal depends on the ROI. So, investment in Agroforestry generates good long-term ROI. farmlandbazaar.com @farmlandbazaar
Not exploring Farmland Bazaar Explore India’s First marketplace to know the best properties around your region at the best price. Farmland Bazaar filters the best properties around you and helps you to compare them in one place. farmlandbazaar.com @farmlandbazaar
Are you planning to buy a Farmland? Comment Below! Follow for more content. farmlandbazaar.com @farmlandbazaar