IIM Ahmedabad and SFarmsIndia, an agro-land marketplace on Thursday unveiled an agri land price index that will record 'quality controlled' data of agricultural land prices across the country. According to the IIMA-SFarmsIndia Agri Land Price Index (ISALPI), land listing data is currently available for only six states: Andhra Pradesh, Karnataka, Maharashtra, Tamil Nadu, Telangana, and Uttar Pradesh.

The  index is being launched under Misra Centre for Financial Markets and Economy at IIM-A. "This is a trial period. Currently, the data comes from six states. By September, we'll have a thorough plan in place "Prashant Das, an associate professor of real estate finance at IIM-A, spoke after the launch. Developing an index for land parcels, unlike financial assets, is a difficult undertaking due to observable price discrepancies in different listings driven by a host of factors, including market-wide supply-demand considerations, he added.

The methodology adopted for the preparation of ISALPI addresses these disparities and ensures precision, he said, adding that the index will benefit stakeholders like policy makers, local governments, environmentalists, investors, real estate developers and financiers.

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