|
|
| *Travel Tips>>>Chennai Travel Tips |
Is it worth buying a piece of land @ Rs.170/- per sq. ft in Melmaruvathur(nearby the Athiparasakthi Temple)? |
Travel Info Is it worth buying a piece of land @ Rs.170/- per sq. ft in Melmaruvathur(nearby the Athiparasakthi Temple)? Travel Tips Jagan, land for constructing houses i.e. plots in Melmaruvathur area are usually in the price range of 2.5 to 4 lacs per ground i.e. for a plot size of 2400 sq.ft The specific land that you are referring to works out to Rs. 4.08 lacs for a ground. The price would be higher if it is a corner plot, or if it is closer to a major road (60 feet or wider) or has too many amenities which are highly developed in many ways. On the other hand, the land that is farther from main roads, farther away from the main township and still in panchayat (agricultural about to be converted into a land for real estate!) would be priced on the lower end of the range. Look into these aspects and also into other issues such as - clear title, closeness to amenities, water facility, appreciability due to proximity to a major development e.g. a market etc. Then you can make a good judgement on whether this price which happens to be on the high end of the range is reasonable or not. Another index - the longer a piece of land stays in the market at that kind of price, the more it tells you about the worth. If it was worth, it should have been grabbed or sold by now! Finally, if you are looking for a land to invest your money in, and have the patience to wait of 5 years, before you decide about selling etc., then you could still go ahead; but if you want to cash in too early, then look at the viability in terms of it attractiveness and appreciability. All the best Others It is good time to buy the land. Now a days the land value will be appreciated value. Please buy for this land immediately suryanarayanan tourist guide |
| Tags |
| General - Ireland Ahmedabad Bangalore Bhopal Chandigarh Chennai Delhi and NCR Hyderabad Kolkatta Lucknow Mumbai |
Travel Info Categories--Copyright/IP Policy--Contact Webmaster |