Investment Property – 8 Easy Investment Options
Are You Searching And Looking To Invest In Plots In Chennai?
There are many options for investment property. But investing in plots and buying plots to build a house are two different things!
People always be crazy about Real Estate as an Investment Option. In same the way, plots or lands hold the top priority on Real estate investment categories.
So, it is mandatory for every investor to look at the key parameters to buy lands or plots.
In this article, It is explained easy investment options for how to identify and buy a plot for investment to eventually meet a life goal.
1. Why You Should Invest on Property ?
Chennai is one of the metropolitan cities and 2nd largest contribution to India’s GDP.
Many Industrialization, Information Technology, and Infrastructure projects are aiming to launch in Chennai.
The rapid growth and day-by-day developments in both industrial and commercial sectors attract the population from other places to migrate to Chennai and settle in Chennai.
The investor invests his Spare or excess money in the plot and waits for a few years later to earn a high ROI (Return on Investment).
The ROI will always be appreciable to manage the financial and emergency needs in the future. ie, Retirement, Children’s marriage, Education, or any other financial need.
The job opportunities and growth prospects are great in Chennai.
The good connectivity within the city, other parts of Tamilnadu, and other states enhance very easy hassle-free commutation.
One of the current hotspots for investment property is Guduvanchery.
Buying plots in Guduvanchery has many amenities and advantages.
Investing over the next and current developing areas with all reasonable amenities is the best one in real estate investment.
Always the long-term benefits are great.
2. Quality of Developer for resale:
If you looking for an investment property must give the primary criteria for a professional quality developer and builder Agency.
These are the people constantly updating their knowledge about the real estate market.
They are capable to provide the answers to all types of queries related to the plots for sale in their area
The Real estate agency which has predominant experience in the resale of plots and lands are your best service providers
There will be clear documentation and a Great appreciation idea for the developer’s plot. Great appreciation is forecasted according to
- Current facilities
- Upcoming facilities
The best real estate agent will be with the buyers from the beginning to the end of the real estate transactions.
And they will provide all types of support for the proper registration of property. Ultimately the buyer will get 100% satisfaction.
3. Gated Community plots :
If you are looking for investment property, the plot must be in ready-to-move condition.
This type of ready-to-move-in nature will satisfy all current needs perfectly and fetch a very good value at the time of resale in the future.
The ready-to-move-in nature plots should have a proper,
- Proper thar road facility. Both inside the layout and outside the layout.
- Proper Water connectivity to get over water scarcity problems in regular life.
- Proper Drainage connections must be there to avoid the unnecessary amount to be spent on constructing a separate septic tank.
Before investing check if the Plot is surrounded by all basic and high-class facilities with good security.
Considering these all facilities, there will be a great appreciation for resale value in the future.
Whenever we invest in any material, the ROI (Return on Investment) will be a major concern.
The Best Builder Namma Family Builder & Developer Pvt. Ltd. Only choose the Resale plots which have high resale value.
This will be good for the development of faith in property buyers.
4. Ready to build plots :
A plot with ready piping connections to provisions for drainage, provisions for electricity, and provisions for metro water is called a ready-to-build plot in Guduvanchery.
If you buy the investment property with these facilities It is more advantageous for investment and the resale value will be good in the future.
The buyers need not be required to allocate a separate time schedule for getting these connections and they can directly start their building construction work.
5. Buy Larger Sized Plots For Investment Property
An investor needs to buy a plot at least a minimum of 1000 Square feet for an investment purpose.
Because for resale in the future there will be a great demand for larger-sized plots and also the resale value will be highly appreciable.
Comparatively, it will be very tough to find buyers for the lower-sized plots and will be in a tough category for resale.
So, an investor needs to invest in investment property for a larger size.
6. Buy CMDA or DTCP Approved Plots :
Chennai Metropolitan Development Authority (CMDA)
Directorate of Town and Country Planning (DTCP)
An investor needs to Invest only with CMDA or DTCP Approved plots and don’t consider other approvals.
An investor needs to visit the site physically and go to a lawyer to check legal documentation, correct developer name, proper sanctions of the plan, correct site name, and check the site with Proper Title.
7. Price decision :
Don’t get confused by Price Per Sq. Ft, a surrounded locality will differ the price according to the location, current facilities, and upcoming facilities in the area.
Don’t get lured by the large square feet areas at low offers on investment property.
An investor needs to always be ready with an excess premium amount for investment in the plot.
Spending an extra premium amount for a good land will fetch you good things in the future in all aspects.
8. Measure the plot
Check the FSI factor. The FSI factor for Chennai is 0.8 – 2 FSI.
The FSI gives the actual percentage of the square feet area that can be used for the construction purpose.
By an investor, you have every right to check the size and proper title of the plot.
This article may be helpful to you for easy investment options in Chennai
Namma Family Builder & Developer Pvt. ltd offers you residential plots and commercial plots for the best investment.