Finite resources, if bought at right prices, can offer phenomenal returns in the long run. Land is no exception to this rule. Savvy investors do not mind locking in their money with a view to generating handsome returns over the long term. While buying land for investment, investors must look for a trigger for price appreciation. Development in infrastructure can be a good trigger. Government policy changes can also be looked at. Lack of trigger may not help you encash your investments. The land should have a clear title. If you are buying a plot with a view to selling it in future, ensure that you buy a ‘non-agriculture’ plot with a road access. “Access to road and easy availability of ground water are must to seek a good valuation in the long term,” said a senior advisor with a multinational wealth management in Mumbai.
Courtesy ET Dtd: 16/06/2010
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