Know the True Land Market Value
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Transcript of Know the True Land Market Value
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True Land Market ValueKnow the
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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.
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When purchasing land in Chennai, it is very important
to know the key factors that decide the price of plots
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Location
The most desirable location is where
one can find thick population and
good development.
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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.
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Amenities
The amenities can be anything like roads, communication,
transport, water supply, electricity, power, sanitation, street
lights, highways...etc.
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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.
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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.
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Surroundings
Things that border the land have vital effect on its
value. However, the land near industrial estates will
go for a low price!
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Speculation
When the demand is higher than the supply,
this gives space for speculation.
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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.
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Development of the Service sector
MNC companies are willing to purchase the property sites
at higher value as their requirement is of utmost importance.
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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: [email protected]
WEB: www.etastar.com