Want to Invest in a residential plot/land in Ujjain Road
Q: Hey, I have finally been able to save up a small sum of money to invest in real estate. I live with my mother in indore in our ancestral property, and I want to make a small investment in a residential plot or land somewhere along the indore-ujjain route. My budget is 9 Lacs, and I don’t want to buy plots from independent owners. Please suggest a good residential plot/land with a reputed builder.
Hi,
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You’re saying your budget is 9 lacs right? Then you can find a nice spacious plot at DCNPL Greensville. They have plots ranging from 850 sq. ft to 2900 sq. ft.. You could invest in a 1000-1200 sq. ft plot in that budget. Location wise I think it suits your needs. Moreover, if you don’t end up living here, you can always use it as a holiday home or getaway home. But, like it is mentioned above, the per sq. ft prices are lower than the average locality price. I’m really curious to know why. If you find out, please come back and share it here. Good luck with your first investment.
I can! I don’t know if I’ll be able to give you extensive detail, but I’ll try to tell you as much as I know. So, basically like you said these plots are in a residential township, and are located at the 4 Lane State Highway along the Indore-Ujjain road. They are selling plots for Rs.751 per sq. ft, which I think is surprisingly 20% cheaper than the average price in this locality. I don’t really know why it’s this cheap. Anyhow, this gated community has all the facilities a gated community has like jogging tracks, playgrounds, clubhouse, pool, etc. I think they are giving possession after 3 months, but I’d suggest you check that with their sales team once. Good luck!
I can understand why you are stressing on investing in a residential township instead of an independent builder. It’s always better to stay a little safe with real estate investments, and I’m guessing this is your first investment, so you are obviously being extra cautious. I’m not sure if you’ve heard of the DCNPL Greensville project at the Ujjain-Indore road, but I think these plots would fit your budget and your requirement of a residential township. Actually, I only heard of this project in passing, and would love to know the details myself. I hope someone here can help both of us.