Agricultural Land 2 Acre for Sale in Cumbum, Theni

Listing ID #164308

Two acres of Agricultural Land in an area ideal for Sandalwood Trees with bird dropping induced natural sprouting Sandalwood trees in adjacent properties available for Sale. Nearby property owners have planted 200 trees which has grown to 6-8 feet in 16 months and there are also naturally sprouted trees of about 5 years here. Risk of theft starts after 6 years so multiple owners intend to set up common CCTV surveillance and Security guards systems from 6th year. Cost of planting two acres will be approximately 10 Lacs. The property has forests on three sides with trenches put in place by Forest department and additionally wild animals including elephants do not find sandalwood palatable. Can be developed as a Sandalwood based Agroforestry area. Sandalwood is a wild forest tree requiring very little maintenance and surviving on natural forest like conditions and the economic harvest cycle is 15 years. In Tamilnadu planting is freely permissible but sale will be by auction by Forest Department who will retain 20% and pay the rest to the planter. India once the largest exporter of Sandalwood and Sandalwood oil has now become an importer of Sandalwood and products due to earlier Govt Policies restricting planting. Southern States now in the process of further liberalizing sandalwood policies with Karnataka already having made Sandalwood open for direct sale.

Sandalwood is a parasitic plant with its roots feeding off the roots of what are called host trees and so in the video and photos one can see a variety of trees like Neem , Agatti etc planted as support trees for Sandalwood and the wild conditions are sought to be replicated.

Also growing well in the area is Lime which is grown as a short term income generating crop to support the long term crop of Sandalwood. Lime Plants start yielding from the 3rd year onwards.

Property located in Tamilnadu 20 Kms from Periyar Wild Life Sanctuary and Hill Station on Kerala / Tamilnadu border. Cumbum is known for its salubrious climate and is a major grape growing area with may vineyards and Banana Plantations. Almost all kind of Vegetables as well as Mangoes and other fruit trees are grown in this area. The nearest access point from the highway is Gudalur from where it is 10 Kms to the property. A minimum of 10 Kms from the nearest Municipality is requirement for property to qualify as Agricultural Land, sale of which does not attract Capital Gains Tax. The property is part of a larger holding and owned by advertiser and is sought to be disposed as the holding is larger than what he can manage individually.