5 Top Cities To Invest in Land in India
The traditional investment options in India are fixed deposits, recurring deposits and mutual funds because they allow gaining from the return. The land investment takes the crown as not only it allows a substantial return on interest in long-term, it also makes for a perfect asset to construct a home, farmhouse or commercial property. You can also sell a part of the land and keep the rest or sell the whole property on the appreciated terms. Also, the ownership of the land requires no extra tax and maintenance cost. You can always avail the loan for land purchase and this is the best time to purchase land from firms like Agrocorp. If you are in a dilemma about the location, here is a list of five cities which can assure a decent return on your investment.
Fondly known as the Silicon Valley of India, the city promises a steady urban growth owing to the plethora of tech startups and corporate offices in the city. The real estate market in Bengaluru survived the recession and did not let it affect the return on investment. Located at a 15-minute drive from the airport, Agrocorp has developed gated communities of land parcels which is overlooking the massive corporate growth in the vicinity which promises a high return on the investment. These farm plots for sale in Bangaloreare not only developed but are also maintained and managed by the developer.
Stable government, rising IT sector and availability of office space make it one of the fastest-growing cities of India. Mercer attributed the city as the most livable city in the country in 2017 Quality of Living Rankings. With areas such as Adibatla, Manakramguda, and Gachibowli for investment, you can be sure that your money is going to yield even more riches for you in the near future. Adibatlaand Gachibowli tops the list as it is located close to the Outer Ring Road and is within easy reach from IT offices.
Anyone who has been to the city has fallen in love with it in a jiffy. The pleasant weather, excellent quality of life and affordable residential ad commercial properties has spellbound many with its charm. If we talk about the ideal land investment location the Wagoli, situated along Pune-Nagar highway, serves as the most suitable candidate on which you could invest your hard-earned money. As the projects are starting to develop in the area, land prices are slashed due to the competitive stance of the market. However, it promises good returns in future. Other than Wagholi, Wakhad, Undri, Keshav Nagar and Sus are also premium locations to invest in.
Chennai is a well-developed and managed city which attracts everything good and positive. However, the areas inside the city are saturated which is not a good investment option. Instead, look for the land parcels situated at the outskirts of the city such as Kundrathur, which is located around the famous KundrathurMurugan temple. Located on Chennai-Bengaluru highway, Kundrathur boasts of the easy connectivity too.
The city that is the definition of art and culture is one of the best bet for your money. For investment purposes, New Town in Rajarhat which is located along the North-Eastern side of the City stands apart as it is fast developing space. New Town has been declared as green corridor and it boasts of over 10 km of Wi-Fi connectivity. The infrastructure in New Town is quite well-planned as houses popular names like HP and IBM. Restaurants, malls and whatnots, New Town is being developed as a perfect living space for the locals.
While investing in land, make sure to look for the necessary documents and the overall cost of the property including maintenance (if any). The land is a limited asset and owning a piece of land is certainly a smart move.