Shrinking farmhouses in Gurgaon
Jul 09, 2013
Source : The Times of India

 

DELHI: With land becoming dearer in Gurgaon, applications for farmhouses have gone down significantly in recent years.

While the Directorate of Town and Country Planning (DTCP) approved only two such requests last year, not a single approval for change of land use from agriculture to farmhouse has been granted this year.

The DTCP has allowed 28 farmhouses in Gurgaon region, including Bhondsi village, over the last decade. Experts say, small farms — multiple farmhouses within a huge farmhouse — are becoming the need of the hour with rising cost of land. Many big builders, who own huge chunks of farmhouse land, are now selling smaller farmhouses to those who have deep pockets.

Between 2000 and 2005, the demand for farmhouses saw a surge in Gurgaon as land was relatively affordable in the district and the economy was booming. The same agricultural land now costs over Rs 3 crore per acre.

“At that time land cost was around Rs 3 lakh per acre. The ambience of the region played a big role in wooing industrialists and businessmen to Gurgaon farmhouses,” said Mahinder Singh, who deals in agricultural and farmhouses land.

Not just businessmen, but politicians and bureaucrats took away many of the farmhouses allotted between 2000 and 2005. “It was not only a status symbol but also an investment opportunity. Those in power booked most of the available land at that time,” said another broker on condition of anonymity.

Most Gurgaon farmhouses are larger that Sanikfarms in Delhi. “Many owners brought farmhouses to live in a natural habitat in the most happening part of the NCR. These places are weekend retreat for those who can afford,” said Narinder Sharma, a real estate consultant.

“Now the buyers mostly go for small farms in Gurgaon. These places have similar designs, but are not bigger than an acre. Some small farms are spread in just 2000 square yards. Apart from price factors, small farms are also getting popular because the buyers doesn’t have to go through the bureaucratic process of getting change of land use permission,” said Sanjay Dadhwal, another real estate consultant.

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