True Land Market ValueKnow the

Amidst the interest for apartments, investing in land will forever

give potentially higher returns to the investor in the long run.

Buying land in Chennai can be a rewarding experience, a city

that is struggling for space and where the Real Estate value is

sky-rocketing.

When purchasing land in Chennai, it is very important

to know the key factors that decide the price of plots

Location

The most desirable location is where

one can find thick population and

good development.

Use of Land

The plots for sale in Chennai are always in demand,

even though they are highly-priced.

Never worry if the land is vacant for some time,

can be utilized to build an institution,

office space or for commercial

purpose.

Amenities

The amenities can be anything like roads, communication,

transport, water supply, electricity, power, sanitation, street

lights, highways...etc.

Condition

Fertile agricultural land is worth more than worn-out

land; Land that has superior appeal will have higher

value than plots with no particular features.

Rate of Interest

A decline in Rate of Interest by Banks results in enhancement of

investment in Real Estate which in turn results in the increase of

plots/land prices.

Surroundings

Things that border the land have vital effect on its

value. However, the land near industrial estates will

go for a low price!

Speculation

When the demand is higher than the supply,

this gives space for speculation.

Floor area ratio/Floor space index

Floor area ratio controls the land value;

If the planning authority increases FAR,

then the market value of the land doubles.

Development of the Service sector

MNC companies are willing to purchase the property sites

at higher value as their requirement is of utmost importance.

ETA STAR Property Developers LTD

Chennai Citi Centre, 4th floor,

10/11, Dr.Radhakrishnan Salai,

Mylapore, Chennai – 600 004

Tel: +91 44 39 11 3900 / 3911 ,

234 66 666 / 777

Email: contactsales@etastar.com

WEB: www.etastar.com