19/08/2021
Jaipur is growing fast to become a megacity by the end of 2025. The city is expanding from all sides, and thus in the last few years, many suburban localities have emerged. Ajmer Road is one of the newly developed areas of Jaipur that is well connected to Delhi and Mumbai via the National Highway. As the area is developing as per international standards, very soon, it can be compared to Gurugram.
The area comprises many real estate properties for sale, among which land investment is a better option.
1. The land is a scarce resource
The land is a limited resource as no one is going to create new land. So, its value will always keep on increasing with time. If you buy a plot is Ajmer Road, then you can reap the benefits of high demand and low supply. The best thing is that a piece of land has an infinite life. So, it can be passed from one generation to another.
2. Enough scope for reaping active and passive income
As Ajmer Road is growing rapidly, by becoming a landowner, you can reap high returns in the future. The prices of land in the area are gaining an average price appreciation. So, if you buy your plot in the next five years, there are strong chances of reaping 150 to 200 percent returns on investment.
However, if you do not want to sell the property now, then there are hundreds of ways for earning passive income. For example, you can give it on a long-term lease to a real estate developer. Alternatively, you can turn the plot into a horticulture field or a cow stable.
3. The land faces low competition
In the real estate niches, constructed properties in Ajmer Road like independent houses, apartments, and villas face high competition. But land in this area faces negligible competition. This ensures that for renting land, you need not make an all-out effort on advertising, maintenance, and negotiations. This also suggests that you can easily get a suitable tenant or buyer who can afford the payment.
As land faces low competition, its price is least affected by the market fluctuations. And, even in the case of recession, its price keeps on increasing.
4. Excellent connectivity
Being located on Delhi-Mumbai Industrial corridor, Ajmer Road is connected to the major cities of India. Well, apart from this, the area is just a stone’s throw away from Jaipur International Airport and Railway station, which assures its connectivity to the rest of the country.
Ajmer Road is connected to the rest of Jaipur via broad 6-lane, 4-lane roads, and public transportation. Moreover, the JDA planned to construct Rajasthan’s first Greenfield ultra-modern bus depot at Ajmer Road.
5. Land is affordable
As compared to constructed properties like villa or flats, the land is inexpensive to buy and maintain. As plots in Ajmer Road are cheaper, you need not procure a huge amount of loan to buy it. The best thing is there are no utility bills or maintenance charges associated with it. Once you buy a property in Ajmer Road, it can be held for a lifetime, that too without spending anything. You need not require any improvements or additions to make it more valuable.
Moreover, as compared to taxes on houses, the property tax on land is negligible. Plus, in the case of land, you need not spend on property insurance. Therefore, if you buy land now and leave it off while waiting for the appropriate time to build your dream house, you will not be spending on its maintenance.
Apart from all the above-mentioned benefits, land buying is a simpler process as compared to buying a house. You need not scrutinize its structural details. With online real estate portals, you can search for appropriate plots in Ajmer Road and you can simply give the owner/agent a call and fix a home inspection schedule.
