Thursday, October 21, 2010

Agricultural land or Farm house

Delhi and NCR has thousands of farm houses in western areas of Najafgarh and Meahruli in south Delhi. Farm house means an approved piece of land where the owner is allowed to construct a house in the farm (covering maximum 10% or 20% areas and leaving the rest as green area). The normal farm house needs to have a minimum standard size of 1 hectare (or 2.5 acres or 12000 sq yards). But we have many farm houses covering hundreds of acres. In Delhi and nearby area one can also find farm houses with much smaller size i.e. 1 acre (or 4840 sq yards). These are a few special cases approved under the Punjab Act.

The farm houses are generally not used for residential purpose. The owners use a farm house to earn large amount during by giving it on per day rental basis for functions and parties. In the season of marriage the per day costs for a farm house reaches as high as 10 lac per day. But after the massive traffic jam problems due to the functions taking place in these farm houses, the Delhi Govt. has banned any kind of functions to be done inside the farm house not located on the roads with  width less than 60 meters (200 feet). 

Agricultural land is a the land which is recognised  by govt. for the agricultural purpose. Typically its different from the farm house as its not approved by the govt. for constructions inside. The price for agricultural land is also very high in Delhi and NCR. The current price per acre for a farm house land varies between 1 crore to 25 crores inn Delhi NCR.


                          

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