@Lekshmi, But one thing keep in mind that for successful land investment, it is important to buy plots which are large enough to support developments of sufficient size in the future. The ideal condition for land investment is to purchase a plot with marketable title in a location towards which real estate development will in the end be pushed, and which is currently in demand by second home buyers.
But it is always safe to buy agricultural land. The costs are much lower than residential land and this provides a large upside potential if it is re-classified as suitable for housing layouts. There are four popular routes to take when buying land, based on your risk appetite, holding period and investment size.
Hi, Investment in land is the more profitable option over the longer period of time because it offers higher gains for wise investors. Investing in a plot in a promising new location can give way to much higher returns on investment because land is the basic resource on which any kind of real estate is built.
Yes, You are absolutely right Sri, Once land availability decreases in an area, its prices appreciate at a very fast rate. When this happens, those who have invested in land at an early stage are the clear winners. One more thing which is appreciable is that land purchase is the only opportunity for investors to obtain an asset onto which no extra costs have been loaded. It is the solid form of real estate investment, which gives maximum profit to investors.
The price of 2 bhk differs from locality to locality. Let me know where exactly you are planning to buy a 2 bhk in Kannauj so that I can help you out with the price details.