IIMA collaborates with SFarmsIndia to launch Agri Land Price Index

The index can greatly benefit stakeholders across the spectrum including policymakers, local governments, environmentalists

The Indian Institute of Management Ahmedabad (IIMA) with Indian agri-land marketplace SFarmsIndia has launched IIMA-SFarmsIndia Agri Land Price Index (ISALPI), a first-of-its-kind land price index that will record and present ‘quality controlled’ data of prices of agricultural land across the country.

According to IIMA, currently, ISALPI is based on land listing data from six states: Andhra Pradesh, Karnataka, Maharashtra, Tamil Nadu, Telangana, and Uttar Pradesh. With the arrival of more data from other states of India, the index could be more valuable in two ways. First, it will offer a superior representation of the national context. Second, it will offer a more granular index at regional levels.

In addition, this index can greatly benefit stakeholders across the spectrum including policymakers, local governments, environmentalists, investors, real estate developers and financiers. For instance, the index can be used by local governments to compensate the people who lose land for highway expansion, a statement from IIMA mentioned.

The index can greatly benefit stakeholders across