What are the benefits of plot investment in Jaipur?

Jaipur, the capital of Rajasthan is emerging as a megacity. During the last decade the city expanded by multiple times, engulfing the nearby villages in its boundaries. The suburban localities of Jaipur provide high-quality plots for sale at affordable prices. As these areas have been developed by the JDA, they comprise all essential public utility services. By buying a plot in these areas, you can get high returns on investment. In fact land investment is the best among the various real estate investment options.


Read here to know the benefits of plot investment in Jaipur.

Hundreds of options for end-use

A piece of land is like a blank canvas that can be painted as you wish. You can utilize it for building your dream house. Alternatively, you can lease out the land to a real estate builder or an individual. You may also use the land for constructing a commercial structure, such as a cow stable, marriage garden, or garage.

Low investment

As compared to buying a house or apartment, buying a plot in a suburban locality of Jaipur is an affordable option. If you are young, it's best to buy a plot now and built your dream home later in life when you have enough savings. Buying a flat eliminates the cost of maintenance and taxes.

Value appreciation

The plots in the suburban localities of Jaipur are gaining high price appreciation. As per an estimate, the prices of plots in suburban localities of Jaipur gained a double-digit price appreciation within the last decade. Contrary to this, the price of flats may start decreasing after 10 years from its construction. While the prices of residential villas appreciate with time, the value of land has been increasing faster.

Growing infrastructure

Jaipur is growing as per the international standards. Therefore, if you invest in a plot in the suburban localities, you can reap the benefits of its growing infrastructure. The city is emerging as an IT capital and its handloom and jewelry industry is also growing fast. All these reasons suggest that a plot investment in Jaipur can help you reap high returns on investment.

Conclusion: – Buying a plot in Jaipur can help you reap high returns in less time. It gives you the independence of using it in numerous ways. Apart from all the above-mentioned benefits, immediate possession is one of the greatest benefits of buying a plot.

Comments

Post a Comment

Popular posts from this blog

Why Jaipur Real Estate Market Is The Right Place To Buy A Property?

Image
Today, the real estate of Jaipur is increasing at an enormous rate. The city includes a great infrastructure and offers amazing educational growth as well as economic growth etc. And after seeing this growth, builders are developing new projects to allure the home buyers as well as the investors. People, who are hunting to acquire a property in this charming city, have to wander a lot to find the home of their dream.  For this, either they hire a professional real estate agent or search properties online. It is advisable to buy JDA approved plots in Jaipur because such properties will bring more benefits such as nice connectivity, water supply, electricity supply, etc. and if you buy a property which is JDA approved, there are chances that you will get higher returns on your investments. Jaipur is filled with all the essential amenities which are located close to capital state Delhi and as it is well-connected to other major cities of India, the market of this city ...
Read more

How to Convert Agricultural Land in Rajasthan for Residential Use

Image
In India, agricultural land can only be used for farming, floriculture, cattle rearing, horticulture, and other agriculture-related activities. But it cannot be used for residential or commercial purposes without obtaining prior approval from the government. In Rajasthan, the tehsildar is responsible for granting permission for the use of agricultural land for residential purposes. Here, are a few important information that you need to know in this regard. 1) The agricultural land can be converted for residential use under the Rural Areas Rules, 1992. And, for acquiring a license regarding the same, the applicant has to pay a fee that may vary between ₹ 60-200 per square yard. 2) In order to apply for the license of land conversion, you need to submit an application form to the tehsildar. The applicant has to mention the purpose behind the land conversion along with the information regarding the property detail. Along with the application form, it is important to submit certain docum...
Read more

How to claim your ownership on a joint real estate property after a divorce?

Image
Marriage is the foundation stone of a family. But unfortunately, the increased rate of divorce has become a harsh reality of society. As today both partners earn and contribute towards buying a real estate property, they want to claim ownership on the property after splitting off. Well, dividing a real estate property after a divorce calls for good legal knowledge and high attention. Here are a few simple tips on dividing a joint property amicably. Instead of distributing the property now, both parties can mutually rent the property and share the rent. You can continue this process until selling the property at a higher rate in the future. One ex-spouse can rent his portion to the other partner. If the wife wants to live in the house, the rent can be adjusted against any alimony that is payable to the wife. The third option is that one partner buys the portion of the other partner by paying in cash or installments. If there is any confusion over the share of each partn...
Read more