|
|
| Residential Land |
| |
“Own a piece of land to create your dream home”. Since times immemorial people have believed that a house is only one if it is built on a separate piece of land.
Well it is this belief that has made investment in land one of the most lucrative investments. In the last 10 years, land has appreciated at a higher rate as compared to houses or apartments, given that it is a limited resource with no more supply and an ever rising demand.
The one big problem of course is managing the land, i.e. keeping it safe from being illegally occupied i.e. kabza. The other relatively small drawback with land is that it has little or no rental value.
Always prefer areas that are close to where you live as you may regularly oversee or visit the plot of land. If the land in question is far away, ensure that it is either a gated society or one where there is an active RWA that may take care of encroachments even in your absence. Appointing a caretaker or guard may also be a good idea.
All in all if one can manage, investment in residential land is the best form of investment in property, one that may be used by self or simply to be sold off when it commands a good price in the market.
Consult our Real Estate Experts now !!!
|
| |
|
|
|
