Handbook for Development of Managed Farmlands and Agrihood Communities in India
In the last decade, real estate has witnessed change on multiple fronts – change in the buyer profile, increased preference towards community-driven living, flexible work schedules and prioritization on health. All these, combined with a focus on growing and eating fresh, local food is leading to emergence of Farm-based communities.
Managed Farmlands refer to agricultural land where ownership is separate from day-to-day management, with farmer-backed professional companies or experts handling all aspects of farming while Agrihood Communities are mixed-use communities built with a community farm as a focus. The purpose of these communities is to facilitate food production simultaneously provide recreation for members of the community.
In India, the concept of Managed Farmlands has witnessed a significant growth in the past 10 years while the concept of Agrihood Communities is at a nascent stage. We expect development of Managed Farmlands will gain higher traction than Agrihood communities on account of the following reasons - relatively younger population, availability of agricultural lands in tier III locations and rural towns of India, and lower preference for agricultural practices.
This handbook is a good read for developers, property owners and investors and provides insights and guiding notes for development, planning, partnerships, consumer insights and proptech applications in setting up and operating a Managed Farmland and / or an Agrihood community.
This book is a must read to understand the concept of both Managed Farmlands and Agrihood Communities. It covers:
- Definition, Concept and Components
- Site selection parameters
- Findings of the consumer preference survey
- Benchmarking Analysis – International and Indian Case studies
- Statutory approvals and regulations across 8 major states of India (Karnataka, Tamil Nadu, Andhra Pradesh, Telangana, Maharashtra, West Bengal, Haryana, and Uttar Pradesh)
- Guiding Notes for Planning, Development and Operations
- Development costs and operation costs
- Application of Proptech
- Financing Routes
- Financial Analysis – arriving at the residual value of the land
- Computation of Returns for the end-users
This handbook has been thoroughly researched and referenced, with relevant information been collected through interviews with developers, owners, and statutory authorities, along with our own proprietary research.
