Lucknow has always been a top-ranked destination for Indian and NRI real estate investors. According to the study conducted by government organizations, Lucknow has become an attractive point for investors because of its high standard of living, rapid growth in infrastructure, and affordable property price. Besides, The real estate boom in Lucknow in the last two decades has been fuelled by many other factors such as increase in population, positive investor sentiment and increased FDI inflows into the state.
Making a plot investment in Lucknow is one of the best investments one can make as the price of plots in Lucknow are increasing day by day due to which investors can make a huge profit in upcoming years. In this blog we will take you to 5 most preferred locations by investors in terms of buying plots for investment. But before jumping directly to the locations for making plot investment and their benefits let’s dive into the meaning of investment plot.
What is an Investment Plot?
An investment plot is a small piece of land that you can buy and develop for your own use or resell at a profit. If you’re looking to invest in property, but don’t have enough money to afford an entire house or apartment, then buying an investment plot could be a great option for you as it will cost you less than any other real estate property.
Top 5 Location in Lucknow To Buy Plot for Investment
1. Sevai
2. Khujauli
3. Karora
4. Purvanchal Expressway
5. Nilmatha Cantt.
1. Sevai
Sevai is located at a distance of approximately 7 km from Lucknow junction railway station and is easily accessible by road or rail transportation facilities as well. The growth in demand of plots in Sevai makes it a suitable location for investors to invest.
2. Khujauli
Khujauli is one of the oldest localities in Lucknow and has seen huge development over time. There are many residential societies and projects in this locality that offer cheap plots with tons of luxury amenities at affordable prices. According to the researcher here the price of property has risen 5 times in the last decade which makes it a perfect place to buy a plot for investment.
3. Karora
Karora is another popular locality in Lucknow with the total coverage of 505.93 hectares of geographical land. There are many residential societies and lands being built here every year to offer investors for what they are looking for. The area has good connectivity to other parts of town through buses and cabs, so it’s easy to commute here if you’re working elsewhere in town or outside the city.
4. Purvanchal Expressway
Purvanchal Expressway is one of the most popular places in Lucknow where people come to buy plots or construct homes as well as commercial buildings. The location offers smooth connectivity with other parts of Lucknow Via NH-31. This place enjoys good connectivity with all major highways including NH-24 and NH-25.
5. Nilmatha Cantt
Nilmatha Cantt is situated on NH-24 just outside Gomti Nagar Extension. It is one of the most sought after residential areas in Lucknow and has great connectivity to other parts of town. The area also has a lot of greenery which makes it an ideal location for those who want their homes to be surrounded by green areas.
Now let’s look at some benefits of making best plot investment in lucknow –
4 Benefits of Investing In Plots in Lucknow
Investing in plots is a great idea for those who are looking to invest their money in a profitable venture. There are many benefits that come along with investing in plots, and the following four will help you get started.
1) It’s a good way to make money
Buying a plot for investment is a good way to make money as you can sell it whenever you want and make profit out of it. Buying an investment land in Lucknow will definitely make you a good sum of money as the price of plots in this state is rapidly growing.
2) Plot investment returns are always high
It is sure that you can make a good profit if you invest in a plot in a developing area at a low price.
Due to the historical value of Lucknow’s areas, plots in Lucknow will yield high returns for investors. The property values have risen in recent years because people want to invest their money in these places instead of gold or other precious metals.
3) You can make money from the rent
Yes you could find a tenant who will pay you a monthly sum in return for having access to the land during the course of their tenancy.
4) The value of your plot will grow over time
There is no doubt that the price of any property will increase with time. Investing in plots is one of the safest ways to invest in tangible assets. Moreover, you can expect a 150% return on investment if you buy a plot for investment purposes.
FAQs about Investment Plot
1. Plot or Flat which is a better investment?
Ans – Well the answer is Plot. It is also possible for flats to provide good returns on investment, but it depends on various factors such as infrastructure, location, market growth, and so on.
2. Is it good to invest in plots?
Ans – Yes, buying an investment plot is an ideal option because it offers great return on investment and is affordable to buy. Unlike flats, plots are relative budget friendly investments to make.
3. How do I choose an investment plot?
Ans – 3 thing to consider when choosing an investment plot –
A) Location – the location of the investment plot must be in a developing area.
B) Price – The plot should be affordable if you plan to invest in it. Experts suggest that affordable plots are a good investment.
C) Safety – Before buying an investment plot, always check for all legal documents. Always consider a reputed developer when you invest in plot.