Utopiaa Managed Farmland
Frequently Asked Questions
Why Utopiaa?
Utopiaa is a plotted development with a plush spread of plantations. With its serene landscape, walking boulevards, cultivated greenery, and enriched lifestyle, UTOPIAA welcomes you to experience a green paradise that is comfortable, cozy, and convenient.
Why Greentouch and BRC?
BRC, being in multiple businesses, is the lead land sourcing partner and land holder for Greentouch.
Greentouch is exclusively an agricultural enterprise company; it can avail itself of all the facilities and support provided by the state and central governments for farming and agriculture, whereas as an individual, these can go unnoticed.
Greentouch, being an agro-based company, functions best in view of the following:
• Maintenance of the plantation is in good hands.
• Good marketing for the company as a whole
• Perceive a good market for the produce or yield.
• Maintain security measures for your valuable plantation area.
• Scientific and modern methods of farming
• Well-qualified and experienced personnel for advice and support
How is Utopiaa different from other farmland projects?
• Most of the such farmlands are located outside Karnataka.
• Utopiaa is also coming up with additional concepts like resorts, weekend getaways, destination weddings, etc. A free membership is provided for all these plans.
• Help with resale for the clients in the future.
• Utopiaa is a complete commercial agro-forestry project with a well-planned yield and income that most, if not all, farmland projects are not into.
Is it a taxable income?
No, it is not taxable income. Farming revenue is normally excluded from income tax in India. The fundamental rationale for this exemption is to promote and stimulate agricultural activities, which account for a significant component of the Indian economy and are critical to the subsistence of a vast population.
What is the expected Income?
Tax-free and definitely larger than any other investment return available in the current market, Terms and conditions apply; please read the document on earnings and income carefully, understand it, and then proceed to buy.
Is there sufficient water source?
Yes. Our farmland is rich in water availability.
Can I avail Loan?
A loan can be availed of depending on your personal or individual eligibility.
What are the upcoming developments around your project location?
Proposed:
• The government proposed a themed Disney Land.
• Hyunet Pvt. Ltd. (with an investment of 1,835 crore and 2,210 direct jobs)
Existing:
• Surrounded by tourist attractions like Gummanayaka Fort, Begepalli Hill, Chitravathi Dam Reservoir, Antara Gange Cave, etc.
• Temples like Sri Laxmi Adinarayana Swamy, Ghati Subramanya, Lepakshi, and so on
• Veerapuram Natural Bird Sanctuary
• Other developments include colleges, international schools, etc.
What are the Environmental benefits with your project?
• Increased underground water level due to plantations
• Green revolution, increase of green cover
• Smart and scientific methods of mixed farming
• Organic and no harmful chemicals
• Plantation cover contributes towards minimising the pollution content in the air.
• The more trees, the lesser the soil erosion.
What is the security and assurance?
Immediate land registration in your name; agreements will be issued for a lease period agreed upon with all the terms and conditions as specified.
Are there payment flexibility?
Yes, if required as per the payment chart. Registration will be done only after the fulfilment of a complete payment.
What happens after lease period?
The lease period can be extended if you wish to, or it can be freehold land.
What are the risks involved?
• Natural causes, disturbances, and calamities affecting the yield
• Yield is affected by produce market conditions.
• Yield value is subject to market value.
How many plots can I buy?
You have the flexibility to purchase as many plots as you desire, depending on your budget and requirements.
Can the membership be transferred?
No,
The membership cannot be transferred to another individual or entity.
Are there any additional charges?
There are no additional charges.
Can I cancel my bookings?
Yes, only before the registration and based on the cancellation policy of the company.
Can I cancel my lease in between the actual term signed?
No, you cannot. The minimum number of years for the lease is 15 years.
When will the plantation yield start?
• Avocados grow around 3 years and yield annually.
• Agarwood around 7–10 years
• Sandalwood, around 13–15 years
Can I earn more than the income projected by the company?
Yes, indeed. However, it is subject to the yield and market value year on year. The current calculations are that, as of 2021, it will definitely appreciate in 15 years.
Who will maintain the property?
Greentouch
Can Property be resold after 15years?
Yes
Can it be converted into residential?
Yes
Can we get residential plot?
Yes
Who can invest?
Any individual with sufficient capital can invest in a farmland project. These investors may be looking to diversify their investment portfolio or seek long-term returns from agricultural activities.
How often can I visit my plot?
As the owner of a farmland plot, you generally have the right to visit your property whenever you like, subject to a few practical considerations and legal requirements.
Why cannot an individual purchase and do the farming by himself?
It’s not impossible, but it takes a lot of experience, time, and knowledge to carry out this kind of plantation. A company running a business in a vast land is easier than an individual doing it in terms of marketing, value for the yield, and bulk yield support for export. A small yield in one unit can be attractive to smaller markets with limited buyer value.
Employment factor?
In the current era where unemployment has become a major concern, Greentouch holds the vision of providing employment to many.
Greentouch provides end-to-end employment, starting from ground-level staff to be involved in basic plantation operations, mid-level staff to maintain the plantation, and further experienced personnel to support and advise on the plantation techniques and methods. It will also consist of staff for market analysis and sales.