What Makes Investing In A Plot Of Land In Chennai A Good Investment Opportunity

For generations, the real estate sector has been considered to be among the most rewarding and safe investment tools. Due to the incredible development witnessed in Chennai in regards to its socio-economic infrastructure and availability of employment opportunities, this south Indian metro has emerged as a major realty hub. While you have the options for investing in villas, apartments, and plots here, opting for plots can particularly be a prudent decision for you.

Over the last couple of decades, the value of a plot of land has grown by over 800%. It is the only asset class that has delivered such performance. Purchasing plots in Manali, Madhavaram, Thirumazhisai, and many other well-developed parts of Chennai can allow you to enjoy rapid capital appreciation. Apart from this, there are multiple other advantages linked with plots of land that make it a better investment tool in comparison to many other options. Here are a few of them:

• Investing in a plot of land almost guarantees a high-profit margin. This is simply because of the gap between supply and demand. The land is a fixed resource that cannot be increased or decreased in any manner. The population of Chennai keeps rising with its consistent development. People from all parts of India come here to study or seek employment. These people will obviously need a place for residence. Moreover, people shifting, expanding, or starting their business in Chennai will also need commercial properties to set up their operations. As a result, while the supply of land is limited in Chennai, its demand keeps rising in regard to both residential and commercial needs.
• The process of investing in a plot of land is fairly simple and transparent, especially as opposed to asset classes like equity, shares, bonds, and stocks. Grasping the intricacies of the stock market is not easy for all. Property investments hence become a great choice for people who have money to invest but are not well-acquainted with financial management.
• A plot of land can be leased out for a number of activities, including parking lot, tenant farming, and so on. Hence, Investors can enjoy consistent rental income through it without making any additional investments.
• Land does not suffer from depreciation, unlike most of the other tangible asset classes. In case you sell off your house after a decade, then its value would be lesser than a brand new home (considering it has the same location, space, and so on). However, a plot of land doesn’t experience any such depreciation.
• The price of a plot of land is relatively more affordable than an already built apartment or commercial space. The property tax that needs to be paid on a plot of land is also lesser than a villa or a flat.

No matter whether you choose to invest in

The writer of this article has been working in the realty sector for the past few decades. In his free time, he enjoys writing blog posts and articles.