Investing in real estate is considered to be one of the best and safest step towards better returns. However, the challenge is deciding on the location to invest in, which will guarantee maximum returns. When it comes to investing in a property, it is normal to be in dilemma.
You start having sleepless nights and you start worrying about a variety of questions like – Is it better to invest in the midst of the city? Or is it better to invest in the outskirts? Will investing in the outskirts be too far away? Will you be able to get maximum returns after investing in a particular property? All you do all day long is weigh your options, pros and cons, and potential dangers.
How is investing in the outskirts a better deal?
If you want an advice, a property in the outskirts should be the best choice. Listed below are a few advantages that will have you believing the same.
- Low budget – The property prices in the outskirts of a city are definitely going to be lower than those in the prime locations within the city. So, you can get more space in lesser budget in the outskirts.
- Future growth – The outskirts might not be well developed at present. But, they definitely will be in the coming years. The outskirts build up in infrastructure and commercial as well as residential development soon. Moreover, these days Metros are an easy way of connecting to the main city and other areas around.
- Peaceful life – The outskirts are much quieter than the hustling-bustling city. You can lead a much peaceful life in the outskirts away from the maddening crowd of the city, at least for the next few years to come.
- Higher investment returns – As stated earlier, the outskirts develop in infrastructure and other developments soon. Once developed, there will be great demand for properties in the area, which will result in higher prices. So, once you have bought at a cheaper rate and you sell off at a higher rate, you are surely going to reap great profits.
What factors contribute to higher ROI?
The two main factors that are responsible for a higher ROI when investing in the outskirts are –
Development – When you purchase a property in the outskirts of a city, it would be having minimum facilities, limited connectivity and accessibility points. But, it will soon start developing with malls, shopping centres, commercial buildings, schools, colleges and hospitals. Not only this, even metros and other transport facilities that bring easy access will come up. All this will raise the value of your property in a few years’ time.
Demand – The location of your property, that is now in the outskirts, will soon become a prime location of the city with great infrastructure and commercial developments coming up. This will have more and more people wanting to come and settle down in the area, which will increase the demand of properties. Once the demand increases, you can ask for a hefty amount to sell off your property, thus, bringing in great profits.
One of the best locations to invest is Plots in Hoskote near Bangalore, a planned township with established industries and companies, and excellent connectivity. The properties in Hoskote are expected to have great appreciation in the coming years. Greatly connected to Navi Mumbai and Chennai, it attracts IT crowds because it is connected to the ITI factory at KR Puram. It is also in close vicinity to other IT hubs like Whitefield and ITPL. The properties in Hoskote have been appreciated up to 80% in the last one year. For investing in Villas in Hoskote, you must approach Adisesh Projects, a reputed name in the industry since the past 20 years. They even offer great villas in Narasapura, which is another great location to invest in.