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Land Investment In India
The benefits of land investment have always been captivating for people. If you want to invest in a rising asset, you should invest in land.
You can invest in land for residential purposes or commercial purposes. You should know which places in India are best to invest in land.
Factors Affecting Land Investment Decision
A few factors which affect land investment decisions are explained in the following points:
- Return On Investment (ROI): The ROI depends on the time and risk to maintain the property. The land is not a liquid asset, hence, it is difficult to convert the land into quick cash. It requires an established market and enough participants.
- Upgrading the invested property: If you build a house over your funded land, you will get more return compared to selling the land only. The construction of the building will increase the value of your land.
- Security: There is a security that the price of the land will not fluctuate immensely. It is noted that the market trend sometimes affects the price of the land, hence, it is essential to do a proper study before investing in the land.
- Land loan: To purchase a plot for residential use, a customer may apply for a land or plot loan. These loans are offered at a very reasonable rate, and it is also simpler to make EMI payments. Loans for land or plots might have a maximum duration of 25 years. If you wish to buy the land now and build your house later, after a year, you can apply for a plot loan.
- Appreciating price: The price of land always appreciates compared to a building. Hence, it is better to invest in an appreciating asset.
- Low-interest rate: You can avail loan at a lower interest rate, and also benefits under sections 24 and 80C of the Income Tax Act which offers a tax deduction on this loan.
Top 5 Places For Land Investment In India
There are many places in India which are ideal for land investment. However, we have provided a list of India’s top 5 places for land investment.
Hyderabad
Hyderabad is known for its smart infrastructure and emerging IT industry. The seamless connectivity through easy communication and the availability of high-end social amenities have increased the demand for residential and commercial land.
The high quality of living and affordable land rates are why Hyderabad is mostly preferred for settling down.
Places like Adibatla, Gachibowli, and Manakramguda are ideal for land investment as they provide connectivity benefits to the Outer Ring Road and IT hubs.
Bengaluru
Bengaluru provides a great quality of living along with high-return investment lands. This city also offers many employment opportunities which attract people from around the country to settle down here with affordable land investment.
One of the popular areas for residential purposes is Whitefield and Hoskote as it provides low price land parcels and seamless connectivity to many social amenities.
Pune
Places like Wagoli in Pune are well connected to IT hubs in Kharadi, BPOs, and call centres. You can get land parcels in Pune at a reasonable and competitive rate.
Pune provides a highly habitable environment to people as it is covered with green and you can experience beautiful weather throughout the year.
Many people also prefer Wakhad, Undri, Sus, and Keshav Nagar as they are located near IT hubs, giving easy access to their workplace.
Chennai
Chennai is a developed and saturated city in India. High-quality and affordable living The best educational system and work culture can be seen in this city.
Places like Kundrathur offer easy connectivity to IT hubs and the Chennai-Bangalore Highway. This place offers a beautiful view and is surrounded by a lake for which you will never face a water crisis.
Kolkata
Kolkata has a growing IT and residential hub in the city. New Town is one such place in this city which offers a planned infrastructure for modern living styles. Social infrastructures like hospitals, educational institutes, etc are close to this place.
You can avail of affordable land parcels in this city easily. Apart from the good connectivity in the city, you can also enjoy different social amenities like entertainment hubs, malls, etc.
FAQs
Q1: Is it good to invest in the land in Hyderabad?
Ans: Many places in Hyderabad are providing high returns on land investment like Adibatla. Hence, it is better to invest in the land in Hyderabad. |
Q2: What is the average appreciation rate for land in India?
And: In India, the average land appreciation rate is around 6% yearly. |
Q3: Which places in Bangalore are best for land investment?
Ans: Places like Whitefield, Banashankari, HSR Layout and Electronic City are some of the best places for land investment. |
Q4: What is the price of 1 Katha land in Kolkata?
Ans: The land price of 1 Katha land in Kolkata is around Rs 1.05 cr (including sanction plan) |
Q5: Which place is best for buying land in Chennai?
Ans: Few of the best places for buying land in Chennai are OMR IT Corridor, Chennai Port Corridor, South-West Industrial Corridor, GST Industrial Corridor, etc. |