When it comes to invest in Real estate, property buyers in India still love to buy a plot or land rather than a flat so as to develop the dream home as per their accordance. Developing a home on land has its own pros such as better growth potential, Return on Investment, Affordability, etc. The Indian real estate market has a plethora of options available for investment in a plot. However, many a time due to less knowledge, people may invest in the wrong location. Scroll down and get to know top locations that are best as well as popular in India when it comes to investing in a land:
A well-developed suburb of the Chennai city, Kundrathur is popular amongst property buyers when it comes to invest in affordable plots. The locality is full of small and big land parcels which are available at budget-friendly rates. The locality enjoys good connectivity with nearest railway station just 9.4 km away and the airport just 10 km away. It is also located in close proximity to the Chennai – Bangalore highway. In recent times, the area has seen an influx in the demand for residential plots. The price of the land falls between Rs 1288 to 3981 per sqft.
Adibatla is popularly known for the presence of TATA Aerospace SEZ. The region has seen a rise in the property price in recent time, with many homebuyers investing in different size plots here. Adibatla is surrounded by other developed areas such as Shamshabad, LB Nagar, Maheshwaram, etc. Due to the presence of TATA SEZ, many other infrastructural developments have taken place in the locality making it a preferred choice among plot buyers.
The price of the plot starts with a minimum of Rs 1222 per sqft and goes to a maximum of Rs 35 lakh.
A thriving suburb of the Pune City, Wagholi is emerging as a popular destination among property buyers when it comes to investment in the land parcel. The area enjoys smooth connectivity with other well-developed surrounding areas so Pune city. Also, proposed metro connectivity will soon add a feather to the transportation system here. Due to its closeness to Kharadi, the IT hub of Pune, many developers have brought land banks here and are developing villa projects.
The plots are available in various size and configuration with price starting as low as 4.5 lakhs.
Rajarhat New Town (Kolkata)
Located in North 24 Parganas district, Rajarhat New Town is an emerging suburb which is popular for the availability of land parcels in several size and configuration. It is also a famous IT hub with the presence of leading corporates and MNCs. Termed as a green zone, Rajarhat New Town also has India’s first road with Wi-Fi connectivity. Because of well-planned infrastructure and closeness to international airport, the area has gained momentum in the real estate market in present times. The price of the land parcel starts at Rs 12 lakh.