Investment in township projects remains better for reaping higher returns. Township projects hold better potentials to grow, providing better returns to the investors.
New Delhi: As long as there is no option than to develop new cities around the existing cities, the suburbs and the tier II and tier III cities will remain a better option for property investment.
Population is growing very fast in the urban cities. There is no space in the cities to accommodate the increasing number of population. So the suburbs and the tier II and III cities are the remaining option.
Prakash S Shah, while talking about the investment options, said that areas under the new master plans will be more suitable for investment. Hiranandani Constructions Pvt. Ltd.’s Finance & Business Development Director added that these areas will be more profitable for the investors as the property prices will be comparatively low in these areas.
Mr. Shah opined that residential sector is the best option for investment. This is all the more wise to have investment in some township projects. After a while, there will be commercial developments in the township projects. This will boost the property prices. So the investor can exit with higher returns.
Another important aspect related to the township projects is that the infrastructure development also will take place. As it, infrastructure development, happens, the prices will be further pushed. Moreover to raise the market value of the project, the builder himself will stand for infrastructure development.
New areas are developed around the mega cities. As they are well-planned, there will be better development.
Another best investment options would be pre-launch properties. This is mainly because the payment for these properties is linked with construction status. Additionally there will be more freebies and discounts from the part of the developers. Though these freebies are not so high, some thousands can be saved.
However the investor should access the aspects such as reliability of the developer, location advantages, connectivity features and potential infrastructure development, etc. before having any form of investment. This will make the investment wiser.