5 Best Locations in India to Invest in Land

 

What do food and owning land have in common?

We all love the variety of different foods and tastes and festivals of all religions are mainly looked forward to for the sweets and savouries that will be specially prepared.
We have just as much love about the land we own. Investing in real estate has been a sweet spot for Indians for many decades. And land in particular, has always given positive returns, beating even other forms of real estate investment.
 However, the key to making handsome returns on land purchase is to make the right choice of land. Locations with great growth potential or upcoming areas are ideal bets when you wish to purchase land.
Below are five such locales in India.
Jigani, Bangalore
This area is located in South Bangalore and has shown tremendous improvement in recent times. Located along the State Highway 87 and National Highway 7, Jigani is situated near important hubs in Bangalore such as, Bannerghatta, Electronic city and Bommasandra. The growth of infrastructure has also been commendable in this area.
Despite the higher growth witnessed in this area, prices are still comparatively lower than other parts of Bangalore, indicating further potential for growth. This can therefore be a good area for land investment for investors, keeping in mind proximity to important locations, good infrastructure and relatively lower current prices.
Ambegaon, Pune
Ambegaon is located on the outskirts of Pune and offers a good valuation investment proposition. It is connected well to the inner city as well as to the Mumbai – Bangalore bypass. Ambegaon also falls within Pune corporation limits, thus indicating a good chance of getting better infrastructure compared to other areas in the outskirts.
In addition to boasting good schools, Ambegaon is also located close to new MIDC in Shirval, which is an industrialised area. The area is also known for its greenery and natural beauty.
Guduvancheri, Chennai
Chennai is a developed market in terms of real estate. However, there is lot of potential for growth of the market in the outskirts. After Oragadam and Sriperumbudur, Guduvancheri is an upcoming real estate hub in the outskirts of Chennai. This locale is situated along the Chennai – Trichy highway and has become a fast developing residential area between Tambaram and Chengalpet. It has especially seen a high demand for plots in the recent past owing to well established basic infrastructure, such as schools and markets.
There has been a development of industrial and IT industries near Guduvancheri. This area is close to Sriram IT Park, Estancia and Mahindra City, which host several companies. This has been an important reason for growth in the region.
Another reason is that prices are still affordable compared to nearby areas and people view it as a high growth potential area. In addition, other infrastructures such as bus and train facilities are also in place.
Rajarhat New Town, Kolkata
This is located on the outskirts of Kolkata and is a fast growing satellite city planned by the West Bengal government. Consisting of two villages, Rajarhat and Bhangar, this area is being developed in the north eastern parts of Kolkata. This is about three times the size of Salt Lake and is home to many IT companies. Corporates have purchased land in this area with plans of developing them at a later date. It is already home to many residential and commercial projects.
Infrastructure is also being planned, keeping in mind the future envisaged development. New town is very close to the airport, thus offering air connectivity. The area also offers good entertainment options. Considering the land parcels being acquired by corporates and builders, it is expected that this area will develop well in the coming years. This makes it an attractive investment destination. 
Indore Smart city
The Narendra Modi government has given the intention of developing 100 smart cities in the country to decongest the crowded metros. One among them is the Indore smart city project, which is an important project in Madhya Pradesh.
This smart city has been envisaged on 300 acres non processing area of the Indore special economic zone. The smart city is proposed to be a self sufficient township with all amenities and infrastructure. Purchasing land parcels around this area can help in reaping benefits of the development of the SEZ in general and the smart city in particular.

Land is not just an investment with a high potential, it is also a highly risky investment proposition. Not every land parcel you buy can give you great returns. It is also always advisable to understand all legalities and check papers for genuineness before purchasing land. How about some mithai for all the profits you make?

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