Always invest in land where you see possibility of growth and development.
In today society saving option is in wider range like saving or investing in financial products like LIC, SIP, FD, RD, Mutual funds, Shares and many more; also people can choose investment in Gold, Land etc.
Any investment option comes with its own set of advantages and challenges, which depend primarily on your investment goals. As we are in this business from 22 years now we have our own opinion about investment in land.
- It is a tangible asset
- The returns are more or less assured over time on it.
- Land has better resale value with comparatively lower cost and property tax than residential properties.
- Land is available at most locations with different sizes
- It is easier to invest in small portions and keep increasing the investment according to your savings.
- It has better resale Value.
- Investment in land than investment in residential or commercial property has comparative lower Maintenance.
- Investments in land have many options like selling it, building it as residential or commercial property, or Farm House.
However Land Investment having so many advantages it having some Risk too
- The primary challenge with this investment is that there is very little return versus the effort required in the short term.
- Geological surveys and other maintenance parameters might add to original purchase costs.