Land tenure allows for personalisation of your home. If you apply for a package deal your hopes for a stress-free and preferred residence will be hiked and expectations will be fulfilled to an extent. The busy urban crowd has begun exploring the relatively quiet suburban expanse and the cost for land rises than the cost of a home of filling acres of space. One has to plan ahead for property acquisition.
With a majority of the Chennai crowd moving to the outskirts, the value of land in such areas has gone up and will continue to do so, as in the future, the investment price will be lesser than the resale value.There is no first or last place to start your property search. You can also invest in property and rent it out for events; this kind is known as rental property. This legal process involves taxes and a lot of paperwork but at the end of it you have your own piece of land to play with.
Property sales have been going up in and around Chennai. Acquisition of a property is not easy. The buyer should be aware of the norms and rules and must check if it is approved by DTCP. One question must be in the mind of every property buyer when he sets out to buy land. Will it provide him a return on investment? The ROI depends on a number of factors like the location of the property and other amenities. For example, if the property is located far away, then it may or may not have value at present but may fetch profits in the future. If the land you willingly invest in is a community that has everything in plenteous then the value for the land is only bound to grow at a radical rate. The zone should promise huge growth over the advancing years and therefore one needs a quality space for affordable living. The concept of buying a piece of land and later building your dream home is rapidly declining as the public is accepting the idea of completed and furnished homes.