Well managed farm lands are appreciating because of increasing population and income levels. When Big India Farms bought first lands in Sohagpur in 2007, the prices were in the range of Rs 30K to 50K per acre in interiors and around Rs 1-2 lakh per acre at the project site. Today, the prices are about Rs. 4 lakhs per acre where BIF operates within 2 kms from the project site, and about Rs 15 lakhs acre near the project site.
Once the ongoing projects of 4-lane roads and speeding up of railway lines in completed in next 3 to 4 years, we expect the land prices to more than double again, as it is one of the most fertile, scenic and central areas of India with big demand and influx from Punjab, Delhi, Mumbai, Ahmedabad and Nagpur, apart from local demand from Bhopal, Indore and Jabalpur. Continue reading