Historically, the value of land has always experienced upward trend. Sever crashes in property is quite rare and is a stable investment in comparison to other investment types. Developed to ease Mumbai off its jams, bottlenecks, and congestion due to overpopulation, the planned city of Pen is the hot-spot for real estate. The land is cheap here as compared to Mumbai and due to all the infrastructural facilities available, the buyers have been reaping huge profits.
While your share value can crash in the stock market and stock value may dip, but one form of leverage you get when investing in land is the 'fixed value'.
A Tangible Investment
A tangible investment like land simply offers incomparable security and is always a great asset that can be seen, visited and walked on.
High Return on Investment
Purchase a piece of land at a low price and sell it later, at a much higher price, or develop the existing property by subdividing it, to gain massive profits.
Greater Long - Term Returns
Expect greater long term returns as heavy investment in land over the period of time will lead to a shortage in this valuable asset and also cause its value to undergo rapid appreciation.
Historically, the value of land has always experienced upward trend. Sever crashes in property is quite rare and is a stable investment in comparison to other investment types.
There is an invaluable sense of pride associated with the idea of ‘ownership’, and you get this peace of mind by investing in land.
Summary: From a buyer's point of view too, purchasing a property in Pen can be considered a fine option, considering the fact that the cost of purchasing is comparatively cheaper if compared to the metropolitan Mumbai. This huge difference in price makes buying and selling flats in Pen a cost-effective solution for lower and middle class.
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