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Amidst the interest for apartments, investing in land will forever give potentially higher returns to the investor in the long run. Buying land in Chennai can be a rewarding experience, but it is very important to know the key factors that decide the price of plots.
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True Land Market ValueKnow the
Amidst the interest for apartments, investing in land will forever
give potentially higher returns to the investor in the long run.
Buying land in Chennai can be a rewarding experience, a city
that is struggling for space and where the Real Estate value is
sky-rocketing.
When purchasing land in Chennai, it is very important
to know the key factors that decide the price of plots
Location
The most desirable location is where
one can find thick population and
good development.
Use of Land
The plots for sale in Chennai are always in demand,
even though they are highly-priced.
Never worry if the land is vacant for some time,
can be utilized to build an institution,
office space or for commercial
purpose.
Amenities
The amenities can be anything like roads, communication,
transport, water supply, electricity, power, sanitation, street
lights, highways...etc.
Condition
Fertile agricultural land is worth more than worn-out
land; Land that has superior appeal will have higher
value than plots with no particular features.
Rate of Interest
A decline in Rate of Interest by Banks results in enhancement of
investment in Real Estate which in turn results in the increase of
plots/land prices.
Surroundings
Things that border the land have vital effect on its
value. However, the land near industrial estates will
go for a low price!
Speculation
When the demand is higher than the supply,
this gives space for speculation.
Floor area ratio/Floor space index
Floor area ratio controls the land value;
If the planning authority increases FAR,
then the market value of the land doubles.
Development of the Service sector
MNC companies are willing to purchase the property sites
at higher value as their requirement is of utmost importance.
ETA STAR Property Developers LTD
Chennai Citi Centre, 4th floor,
10/11, Dr.Radhakrishnan Salai,
Mylapore, Chennai – 600 004
Tel: +91 44 39 11 3900 / 3911 ,
234 66 666 / 777
Email: [email protected]
WEB: www.etastar.com
