There is no guideline (from RBI, etc.) against giving such a loan, so it boils down to risk-vs-returns. Agri land property documents and valuations are not transparent, etc. and creditworthiness of the borrowers generally discourages banks to offer such loans.
Would like to buy farm land around Bangalore with very good water table (less than 100 feet). Which areas can I consider?
Distance should be less than 60-70KM from outer ring road. Do not want to pay highway abutting land prices, cheapest farm land with basic motorable road access is fine...
Looking for farm land of 5-10 acres in TN bordering Bangalore
Must have:
Fertile land and red soil
Excellent water table
Should be within 25KM from Hosur with tar road approach
Nice to have:
Existing well/bore
Electricity connection
Budget around 3Lacs per acre (flexible depending on the...