What is the cost of 3 acres of land?

When I wanted to check the 3 acres land price around my area in Pune, I didn’t really know what to expect. So, I got in touch with my friend’s father, a property advisor, who came over and helped me understand the pricing breakdown in real terms. Watching him calculate costs and explain things based on specific factors like location, land type, and facilities nearby made it much easier to get a clear picture of what I’d actually be paying. 

Factors Affecting 3 Acres Cost

Here’s what I learned from him, with some real numbers to give a better idea

• Location Pricing Differences: He explained that the location is key.

  • In rural areas, land could go for about Rs 10 to Rs 15 lakhs per acre, so 3 acres might cost between Rs 30-45 lakhs.

  • Suburban or semi-urban areas push the price up to about Rs 30-50 lakhs per acre, making 3 acres anywhere from Rs 90 lakhs to Rs 1.5 crores.

  • In urban or prime locations, it’s even higher, sometimes around Rs 1 crore per acre, totalling about Rs 3 crores for 3 acres.

• Land Type and Usage:

  • Agricultural land was more affordable, at about Rs 10-15 lakhs per acre in most places I looked at.

  • Residential land, however, easily jumped to Rs 30-50 lakhs per acre in similar areas, depending on zoning laws and utility access.

• Nearby Amenities Impact: He said that because of the extra convenience, I should anticipate a 10–20% price increase if the site is near schools, hospitals, or shopping malls.

• Current Demand: In high-demand areas, like areas close to metro expansion, I saw the rate hike up to Rs 20 lakhs more for every acre because of competitive buying.

Thanks to his help, I could actually see where my budget would work best. Knowing the factors to influence 3 acre price helped me make a clearer decision about my land purchase. I hope this helps you get an idea of 3 acres of land price.

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Also Read: 

The 3 acre land price in India can vary significantly based on a number of aspects, including its location, accessibility, and planned use. In India, the cost might range from a few lakhs to several crores. The price per acre is typically greater in urban regions or prime places due to higher demand. On the other side, the price per acre is typically cheaper in rural or less desired places. Scroll down to get the pricing of 3 acres plot.

How much is 3 acres of land?

The cost of the land is also influenced by its planned use. In comparison to residential or commercial land, agricultural land could be less expensive. The prices of 3 acres land for some of the popular cities are listed above by Aadar Shukla. Let's look at the most recent pricing from the table below:

The price of land tends to increase due to the rise in real estate market, although it may become more affordable during a recession. I hope you found the above answer useful.

Wide open areas and green fields are probably the first things that come to mind when you think about land. You must be thinking of buying land and constructing your own home. But you must also know that several factors play an important role when it comes to land prices. It includes locality, facilities, infrastructure, etc. So let’s see what is the price of 3 acres of land.

What are 3 acres of land cost?

It is impossible to estimate in general how much an acre of land is valued or to determine the price of land per acre with any degree of accuracy. Hence, it is challenging to evaluate the worth of the land itself because we often purchase it along with houses or other constructions.

Although India has a wide variety of properties, the cost per acre varies according to a number of criteria. It includes the size of the entire plot, demand, surrounding area, and availability. But, because of the sudden increase in urban residents buying rural land, land demand has increased while the supply is at an all-time low. This is the reason for driving up the price per acre of land. This is all I had to say about what is the cost of 3 acres of land.

What is 3 acre land price in cities?

The 3 acres of land prices in some cities are listed below, you can take a look.

What factors determine the land price?

1) Location (rural, suburban, or urban)

Costs per acre are typically higher in crowded locations (or per square footage). A typical price for an acre of farmland in a village or rural area is considerably less than for an acre of urban land.

2) Infrastructure:

When a property is connected to roads, sewage, power grids, and Internet connectivity, its value increases. But being close to amenities like shopping, schools, and hospitals might be beneficial.

I hope you understood the price of 3 acres of land.