Greenlakes Launches India’s First Blockchain Enabled Managed Farmlands
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, 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:
1.Transparency in land ownership history spanning decades
2.Security– Clean title & encumbrance free, secured property
3.Convenience– The ability to track your farm assets from afar leading to accountability
4.Traceability– The ability to trace agricultural produce grown on your land right from seed to harverst 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.
Proptech startup Greenlakes launches blockchain-enabled second home projects
According to the company, the technology will bring in transparency in land ownership history spanning decades with clean title and encumbrance free, secured property. Bengaluru-based proptech startup Greenlakes has launched a blockchain-based solution for its second home project – Greenlakes Farmlands – making it the first Indian company to use blockchain solutions for owning farmlands or second homes away from the city.
GreenLakes Farmlands announced the launch of GREENLAKES India’s First Blockchain Enabled Farmlands - Coverage by BNN
Green lakes are dedicated to assisting you in living your best life and rooting you back to your natural habitats. We wish to provide opportunities for you to surround yourself with nature and indulge in all that it has to offer.Imagine building your dream farmland, cultivating your own organic patch, and even showing your kids the wonders of what village lives used to be like. This is an experience many modern generation children are unable to attain; however, we are here to bring these visions to reality. Green Lakes also ensures that your farmland is well equipped with all the prerequisites for farming. We offer all of this and more!
From Yourstory - Greenlakes gets mentioned in an article that features Accenture & Adobe
Greenlakes to use blockchain solutions for real estate projects Bengaluru-based Greenlakes has launched a blockchain-based solution for its project Greenlakes Farmlands. Blockchain is a non-editable distributed ledger that gives users access to transparent, trusted and verified information about their land, particularly during the registration process. The company said its solution will ensure transparency, security, convenience, and traceability. It has also created a remote land monitoring app with the help of blockchain technology. With blockchain and ISRO SAT2FARM satellite feeds, Greenlakes helps to track the construction activities on customers’ farms and to get up-to-date data on farming activities. 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,” said Greenlake CEO Almas Johari.
From The Hindu- Bengaluru-based Greenlakes introduces blockchain tech for farmland and farmhouse sector
Over the past few years, blockchain technology has emerged as a valuable tool in 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, blockchain technology has already started being implemented for land registrations, making it one of the first states in the country to adopt this technology.
Greenlakes covered by Prajavani
Bengaluru: A technology company has come forward to apply blockchain technology, which is widely used in the transaction of cryptocurrencies, to the ownership of agricultural property in Bengaluru.
Watch us on Aajtak.
Recently, our Founder Mr. Almas Johari was featured on AajTak talking about the current reality of the Real Estate Market across the nation.
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