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Diversify your Financial Portfolio with Land Investment
Highlights
Real estate continues to be a must have in everyone’s financial portfolio. Be it land, apartments or commercial realty, every investor wants to own a property for attractive returns that such an investment entails. Purchasing real estate is good to start with when you are looking for a secure investment option.
Real estate continues to be a must have in everyone’s financial portfolio. Be it land, apartments or commercial realty, every investor wants to own a property for attractive returns that such an investment entails. Purchasing real estate is good to start with when you are looking for a secure investment option.
But investing in apartments or commercial realty requires a significant amount of financial backing. Land requires lesser amount of investment and can give you a significantly better return on your investments. With metro cities and their outskirts poised for tremendous growth, investing in land would be the best way to capitalize from this growth. According to a Knight Frank report, land (327%) was the best performing entity of these investment options in terms of value appreciation between 2006 - 2013, followed by gold (272%) and residential property (159%). In terms of value appreciation (2010-2013), land has outperformed other assets. Land as an asset class is one of the most sound investment options as prices are low and have great potential for returns.
“Land is a viable investment option for mid and lower income groups to build long term wealth it is largely a myth that good land investment options are only found in urban areas. Land as an asset assures high returns, especially in the city outskirts, due to ongoing or future developmental and infrastructural projects in the area. If your plan is to save for your retirement or construct your home, a long term investment in areas that shows promise of development would provide ideal returns after a few years. On the auspicious festive season, buy land to secure your long term financial future.” said Lansel D`souza, Senior Vice President, Expat Projects and Development Pvt. Ltd.
Buying land on impulse will put your investment at risk. The investment requires good amount of research about the land and documentation involved like title deeds, land records, etc. Also analyse the development in and around the area. This will help in evaluating the value appreciation of the land you bought.
“Purchasing land can be a risky affair if one does not research about the piece of land. It is a good idea to avoid ignorance in any aspect of the transaction to ensure that it remains transparent and legal. If you’re unsure of any decisions while deciding to buy land, it is wise to approach a developer. Choose a developer who has knowledge about the nature of the investment and can identify potential of the area. This becomes essential as a good trusted developer will ensure that your investment is safe and sound.” - Mr. Lansel
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