Investment in land is always considered one of the most popular investment opportunities on a business’s balance sheet. It builds a long-term investment and appreciates the price. It has the most extended lifespan. In this post-pandemic world, the concept of owning land witnessed a steep demand due to its flexibility quotient, land value appreciation, and a tangible sense of security.
In India, investment in land always has been a popular investment option. This is because it has the most extended lifespan. It is a finite resource and will always be needed. Businesses come and go, but land stays the same. In this post-pandemic world, the concept of owning land witnessed a steep demand due to its flexibility quotient and land value appreciation. Moreover, owning land gives a tangible sense of security.
The initial investment is low
Typically the price of residential homes is much higher than land. The land has a low-entry ticket size; hence these are much more cost-effective. Even young investors can purchase land and build a home later.
Higher Appreciation
Land property appreciates much faster than residential property, depending on the surrounding infrastructure.
The purchase and possession gap is nil
In the case of residential property, the final handover of the home takes years. But, on the other hand, in the land property, the owner can take possession instantaneously.
Lower property tax
The property tax on land tends to be much lower than residential property. The tax on the vacant land starts at just R. 0.12 /sq ft and can go up to Rs 0.50 /sq/ft, which means the initial purchase value of the plot is also low.
Maintenance cost is low
Virtually there is no maintenance cost for the upkeep of the land property.