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In a first, IIM-Ahmedabad brings out agriculture land price index

According to IIM-A, the index will be a reliable source in benchmarking land prices in rural and semi-urban areas and help in signalling converting agricultural land into real estate

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The index will not have any correlation with circle rates but will use the prices quoted in the online market place as their base value for research

Sanjeeb MukherjeeVinay Umarji New Delhi/Ahmedabad
In a unique initiative, IIM-Ahmedabad (IIM-A) has joined hands with an e-marketplace for agricultural land, SFarms India, to develop a farm land price index based on the sales and purchases done on the platform.

The index has been designed to record and present the “quality-controlled” data on prices of agricultural land in the country.

The Misra Centre for Financial Markets and Economy at IIM-A, under which this index is being launched, will host this on its official website and it will be called IIM-Ahmedabad SFarmsIndia Land Price Index (ISALPI).

“The index will track the price movements in the marketplace (SfarmsIndia) and come up