SFarmsIndia
Decoding India’s First Agri-land Marketplace investments as an alternative asset, but are facing issues in finding the right lands. One company that is creating and opening up pathways for this very process is SFarmsIndia. A leading Agri Land Marketplace, it went through multiple phases of testing before being given the command to go ahead. Story of Inception
Kamesh Mupparaju CEO
A
griculture is a process that began centuries ago when humans found a way to regrow any crop or plant that they preferred. India is one country which depends primarily on farming and as per reports of 2018, this sector employed a 50% workforce of the country. Being the largest livelihood provider in the country, especially in rural areas, it contributes significantly to the Gross Domestic Product as well. But off late, the farmer and agri-realty developers have been experiencing roadblocks while trying to sell agri-lands due to lack of liquidity. On the other hand, according to the present trends, High Networth Individual or HNI’s are looking at agri-land
28
SFarmsIndia is a company that required an elaborate plan and in-depth research to find itself at the pinnacle. During the initial days of research, it was found that most property websites across India required a focus on agricultural land. This is where the idea struck, that there had to be a platform for these forms of land as well. Various traditional property websites are a contrast to each other, where the agri-reality exchange market plays a larger part in terms of valuation. Upon further research, it was found that in Telangana alone, for the Fiscal Year 2018-2019, the registration value of agricultural land market size was Rs. 15,000 Cr and the market value stood at 50,000 crores. The area transacted was 3.2 Lakh acre, and this is where things became clear that agri-realty is one aspect left unexplored throughout India. This identification acted as a catalyst towards the launch of a web application which contained detailed listing and fractional trading functionality. Post rigorously testing the concept, the listing platform’s beta version was launched by the team in July 2018. On this platform, potential buyers can find land, while sellers can list theirs on it. A few types of land listed are agri-lands, estate lands, and eco-farms. This was followed by the launch of the beta version of fractional trading in January 2019. Within this section, agrilands are divided into smaller tradable fractions which
February 2020|
