when it comes to investment If it comes to risk, experts advise to diversify the portfolio to avoid risk. Today, many investors invest in shares, mutual funds and real estate. There is huge investment in real estate in residential, commercial and office sectors. However, property sector experts say that apart from this, investing in agricultural land is the smartest decision. It cannot be denied that land prices are continuously increasing. You can look at agricultural land available in tier-two and tier-three cities as an investment option. Let us know what are the benefits of investing in agricultural land.
This is how you can earn with investment
Investing in agricultural land does not mean that you have to do traditional farming. If you want, you can also do farming. Apart from this, you can use agricultural land for the cultivation of flowers and fruits. Flowers like marigold and roses are in demand throughout the year, their demand increases even more during the festival season. You can also earn good income by growing medicinal plants like Tulsi and Aloe Vera. Fruit trees like banana and papaya are relatively easy to plant and can yield good returns.
You can develop your agricultural land as a rural tourism destination, involving activities like agritourism or farming. If we look at NCR (National Capital Region), the trend of weekly leave on agricultural land has increased rapidly in cities like Greater Noida, Sonipat and Gurgaon.
No tax on earnings from agriculture
An interesting aspect of investing in agricultural land is the tax benefits. Income from agricultural activities and profits from the sale of agricultural land are generally tax-free. This makes the financial returns from such investments even more attractive. For long-term investment, agricultural land is a great option. The demand for agricultural land has increased rapidly. Due to this, its price is continuously rising. Land is the only thing on this earth which cannot be increased. Therefore, if you invest in agricultural land then rest assured that you will get bumper returns in the long run.
take care of these things
Before purchasing agricultural land, definitely collect paper information. Find out whether the land you are going to buy is dispute free or not. If the land is disputed then never buy. Apart from this, also find out that the person from whom you are going to buy the land has the ownership rights of that land. If not then do not buy the land. Before purchasing land, assess the geographical condition of that area and the changes that may occur in the future. If you do this, you will always be worry free and will be able to get better returns.
