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Low rated realty makes the farmers back on agro business

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Realty downgrade has pushed back the overnight wealthy dreams of many farmland owners at various locations of Chennai and hence back to their original form of paddy as new rates and schemes were flooded for the benefit of the farmers and the farm land owners as depicted at www.propertykhazana.com. Recently the places near Kanchipuram district has the most affect including areas like Nanmangalam Medavakkam, Ottiyambakkam etc.
On a short note with www.propertykhazana.com, an agricultural officer states that “during the last couple of months the farmers has started their old fashion of paddy since there is a least interested realty groups to pay for their land for the construction of vertical concrete towers”. Here at this location farm land of around 150 acres was put up to sale by the respective farmers but was on hold due to non adequate price tags and hence is continuing their cultivation and agriculture department hopes more optimistic measures for the upgrade of all these farmland as paddy is the main livelihood for these localities.
Recently many farmers have refused the ideas of selling their land to the realty house as prices go down due to economic drop as per the sources added on www.propertykhazana.com. One of the farmers of the area N Sripathi has recently denied selling his part of 2.5 acres of land which was almost finalized through a local broker. “Now the farmers are receiving Rs 1000 for each bag of paddy from the govt. authorities and more schemes on the way of proclamation to encourage the other waiting farmers for land sale” as stated by another farmer J Venkatesan. For more and latest real estate updates follow us at www.propertykhazana.com.
Source: NBTVLIVE

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