Revolutionary New Platform to Provide a Secure and Transparent way to Register land, Construct farmhouses and cultivate crops.
Bengaluru, Tuesday, March 21, 2023: Over the past few years, blockchain technology has emerged as a valuable tool for addressing challenges in various sectors, such as banking, healthcare, agriculture, and supply chain management. More recently, it has also been gaining traction in the real estate industry. In Karnataka state, blockchain technology has already started being implemented for land registrations, making it one of the first states in the country to adopt this technology. Building on this momentum, Greenlakes, the Bangalore-based Prop-tech startup, today announced a pioneering blockchain-based solution for its flagship project ‘Greenlakes Farmlands,’ making it the first Indian company to use Blockchain solutions for farmlands.
A blockchain is a non-editable distributed ledger that gives users access to transparent, trusted & verified information about their land, particularly during the registration process. For a landowner, blockchain in farmland means:
- Transparency in land ownership history spanning decades
- Security – Clean title & encumbrance free, secured property
- Convenience – The ability to track your farm assets from afar leading to accountability
- Traceability – The ability to trace agricultural produce grown on your land right from seed to harvest stage.
Additionally, Greenlakes has created a remote land monitoring app with the help of blockchain technology. With the help of blockchain and ISRO SAT2FARM satellite feeds, Greenlakes helps to track the construction activities on customers’ farms and to get up-to-date data on their farming activities. With this move, Greenlakes is setting a new standard in the industry and is committed to providing its customers with enhanced transparency, security, and convenience.
“We are thrilled to be the first company in India to use the power of blockchain technology in the farmland and farmhouse industry,” said Almas Johari, Greenlakes’s CEO, an alumnus of IIM Bangalore. “Our goal is to provide our customers with an enhanced buying experience and increased transparency throughout the entire process, from registration to construction to farming. Blockchain technology will enable us to achieve this goal by providing an unalterable record of every transaction, ensuring transparency and security for our customers,” Almas added.
Almas further added, “We believe that blockchain technology is a game-changer for the farmland and farmhouse industry, and Greenlakes is excited to be at the forefront of this revolution.”
Customers can enjoy the benefits of this technology from the initial registration process to the construction of their farmhouse and the farming activities on their land.
Moreover, the use of blockchain technology will lead to an increase in the value and appreciation of farmland and farmhouse. Customers can have confidence in their investment knowing that they have a transparent and secure record of their property. This technology will also help build trust between the company and its customers.
The flagship project located on the Bangalore Doddaballapur-Hosahalli Road spans approximately 100 acres of pristine farmland nestled in the midst of lush greenery surrounded by mountains, valleys and an inland natural stream within the farmland. Greenlakes Farmlands offers the serenity of nature and yet comes with all the necessary amenities including a Clubhouse, Kids Play area, Swimming Pool, Library, Yoga and Meditation spaces amongst others.
Each plot is marked with a ready irrigation line connected to it and the entire land is fully secured with fencing and features a roadway and pathway for walking. Buyers have the freedom to choose what they want to grow, and the Greenlakes team, with the support of certified experts, will take care of their crops using organic methods.
