Buying residential plots for value appreciation in developing areas is a good move. Property investors are now looking at residential plots as better options of investment.
DELHI: When you see an area is growing and the appreciation is improving, surely you can choose residential plots in the area as options of investment. Comparatively the land prices will be lower in remote areas.
For instance if the land prices in the prime location is Rs.10000 per sq. ft., it will be Rs.200 per sq. ft. in the remote areas.
However the nearest hub must be reachable within an hour. Lesser the travelling hours to the city, the higher the appreciation you will get.
Closeness to the railway station, metro station, the nearby bus stop/stand, etc. too are to be considered. They also play their roles in determining the prices. Continue reading