Investing in land has always been a popular option in India. Many villagers, people from small cities or even farmers own a large amount of land in different parts of India. It has been the most popular option due to its less investment cost and high return of investment. The idea to invest in land is to build something on it buy selling it to a company who can develop it. The economy is tough this year due to on-going pandemic, but according to real estate experts, 2020 will see the most traction for the real estate sector. If you are wondering is it safe to step into real estate at this point, keep on reading!
Several important aspects like cost of building, appreciation, financial assistance and income have to be assessed before taking any major investment decision. Buying a standalone plot means the sovereign option to build a house consistent with one’s taste and budget. Once you have your budget in mind, you can proceed by selecting the type of land you want to invest in – commercial, residential or agricultural. Along with these types of lands comes three types of land sellers – government authority, private developer, a private individual.
We have curated certain benefits of investing in plots in India, read on below:
Did you know a plot is more beneficial than a ready to move-in house? However, each has its own drawbacks. The cost of land is comparatively lower in comparison to residential apartments, hence making it a cheaper sort of investment and good capital investment for those with a lower budget.
2. Higher returns
Land or plots have always shown higher returns in India. If you have land in an area with good infrastructure, the price of the land will be more appreciated. It is an excellent money-saving investment which will guarantee higher returns in the future.
A great way to build a house you want! You would be liberal to design and build your house suiting your tastes and preferences in order that you’d then sleep in it happily. Since people are likely to create houses to remain in them for an extended time, it’s good to possess a house one would really like everything about. If you don’t want to build a house, you can always sell the land to someone who is looking to construct a commercial place or residential property. The returns on land investment are alarmingly high.
Important factors to keep in mind before you sign the deed:
- Verify the company’s ownership to sell the plot
- The title deed to used to establish the undisputed transfer and legal ownership of the land by the seller
- Collect the previous tax receipts from the seller
If you are looking to buy land, now is the time to invest! You can check out Is Real Estate A Good Investment