Want to Invest in a Residential Land/Plot in Avinashi Road

Q: Hi, I want to invest in the real estate market, but, I don’t want to buy an apartment or villa, want to invest only in land as of now. I just want to know what price are land being sold in Avinashi road, and if you guys have any suggestions regarding my decision to invest in a residential plot, please share.

Revathy N., Coimbatore

7th August 2014

Residential Project Review in Avinashi Road, Coimbatore

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Hey Green fields isn't the only one. You have other similar plots like Globuse Gardens, which are plots near the Elysium project. These aren't very expensive, and are being sold at Rs.1,318 per sq ft, so if you buy a 2400 sqft land, it’ll cost you around 31.6 lacs. Actually, there many to even list down the names. That’s the thing about plots and land purchase, there are just too many sellers.

Rajeev Srinivasan, Coimbatore

8th August 2014

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Hmm true that property frauds happen, but if you are careful and hire a lawyer take care of the dealings carefully, then it is very safe. Also, only if you want your house to be a part of a gated community, then go with like a reputed builder’s property. Because, a lot of builders are just selling plots now,but then you might get restricted to certain construction limitations, and might end up sticking to the builder’s rules.

Sandhya Prasad, Coimbatore

7th August 2014

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Hey Green fields have around 400 farm house plots. It’s like a gated community but these people are selling just the plots of different area. So, once the community develops, the community will have amenities like banquet hall, cycling or jogging track, swimming pool, clubhouse, garden, etc. I think you’ll find huge lands here, ranging from 4,200 sqft to 10,200 sqft. I think price will be somewhere around. I think the price will start from around Rs.38,00,000.

Satyanathan Kumar, Coimbatore

7th August 2014

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I think investing in land is nice if you want to invest for future purposes to build your own home or just as a security. But, my only fear with land or plot purchases is the land frauds that take place these days or the legal issues that people face. I suggest that try your best to find a good deal with like a reputed builder or something, because they are more secure than buying individual land from random individuals. I have heard of one such project called Green Fields by Greens property dealers. But, I’m really sorry I don’t know any project detail. I wish I could have been of more help.

Naduveetil Rajgopal, Coimbatore

7th August 2014

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