Who hasn’t aspired to have their own piece of land? You would have surely thought about owning your own land where in you could build a dream home according to your likes and desires. But it’s easier said than done. There are several challenges that might come along your way in terms of taxation, inflation, getting the right land etc. However in India, buying land as an investment has become quite common. Bangalore is one such city where this trend has slowly caught up. The number of migrants entering the city keeps multiplying, thanks to the massive employment opportunities. This has led to the obvious dearth of available land in the city which has eventually resulted in one seeking plots of land a little far away.
Several areas have emerged as appropriate ones for investing in a plot of land. Connectivity, infrastructural developments, good appreciation potential are some of the reasons for the same. Areas like Mysore Road, Devanahalli, Electronic city are usually the targeted tracts.
Going further let’s see why buying a plot of land is a wise decision today.
A good investment
Buying a plot as an investment is one of the smartest things to do today as the prices are shooting up. Buy a plot in an area where you wouldn’t have to face any issues related to construction or location. The price is likely to increase faster than that of a flat. You wouldn’t have to deal with the lack of layout options either. Also a major advantage is that plots are mostly ready for possession.
Bangalore’s realty market
In the recent past the scenario in Bangalore has changed drastically. Today this city has one of the best social and physical infrastructures. The ideal road connectivity, metro projects, wide roads are a huge advantage for the realty sector here. The rate at which Bangalore is developing should be applauded thereby increasing the demand of land in this city.
Higher UDS (Undivided share of land)
UDS is the undivided share of land which is associated with an apartment and registered in the apartment owner’s name. The appreciation value of property is determined by the UDS in accordance with the built up area of the apartment. It is possible to have a higher UDS when it comes to plots and this is yet another reason to invest in a plot of land.
Several residential projects catering to people who enjoy living in spacious areas have sprouted. One such project is Indium Lake Forest Integrated Township at Hejjala off Mysore Road located in South Bangalore. The project boasts of plots that are fostered in between two natural lakes and Kumbalgodu Reserve Forest. Apart from being able to enjoy nature at its best, the plots are located in an area with amazing connectivity. The NICE road to Electronic city and Tumkur road, the Kengeri satellite bus station, the Bangalore –Mysore rail line, all make the accessibility to the Indium Lake Forest Integrated Township seamless. Kumbalgodu is well connected to Kengeri, Yelahanka, Devanahalli, Krishnarajapura, Magadi via public transport. HAL is 29.4 kms from Kumbalgodu via road. The Hejjala Railway Station is 2.9 kmsfrom here via road and the bus stop is a 200 meter walk via Bangalore –Road. Established companies such as Accenture, Mindtree, Mphasis, Bosch etc. and several reputed institutions like RVCE, RajaRajeshwari Medical College are located close by.
One wouldn’t want to lose the opportunity to own a plot of land in an area that has lovely recreational spots, facilities, connectivity and infrastructure.
In a span of one year, the values of properties have escalated in this part of the city.Capital appreciation has also attracted the attention of both buyers and investors alike. So why not invest in that plot of land you have been longing to possess before it’s a little late? For all you know your returns might actually overshoot your investment!
“I am a software professional in USA. I was on the lookout for buying a plot in Bangalore, I contacted Indium and worked through the deal, which went through very smoothly. I was really impressed with their professionalism and approach. Recently I happened to visit India and visited the site. I am very happy and satisfied with the progress so far. I strongly recommend anyone who is reading this note to choose Indium for your property and investment needs.”
-Narayan. Owner of Plot No. 550
Testimonial source: Indium Lake Forest