Residential land plots under Gram Panchayat area measures more profit

It seems property in Bangalore city has reached to its saturation point and investors are finding it less profit making even in long term investment. When a city grows the suburb areas of the city also grows so as the value of the property. Now investors are being tempted by the spout growth of commercial space and industrial development in these areas which are covered by Gram panchayat.

While comparing with the benefits of buying residential plots for sale in Bangalore with the sites which are under gram panchayat limit, land experts found rural or suburb properties have hasty chances of development. Experts also come up with the facts which are influencing land developers and investors are

• The cost of the land is much lower.
• The growth prospects of these areas can be considerably high.

Since the land price is low so property in such areas are also comes with very low price. This is enough to appeal buyers who are looking for affordable and budgeted properties irrespective to its draw back.

Although the land owners of these agricultural lands has succeeded to convert these property into non-agricultural land but still these places are lake of basic amenities. Land developers like TGS Layouts and few others in the city are coming with layouts designed with basic amenities such as Schools, Hospitals and commercial stores. These types of sites fulfill the drawback of investing in such area so investors are rushing for such projects, visit to find factors influenced to buy land in Bannerghatta Road.

From the officials of Devanahalli sub-registrar office opined that till 2013 they used to get around 20 registrations forms at most in a day but from the year 2014 afterwards when the govt. announced to develop a tech park the number has just tripled.

From the survey report of buyers collected from most of the online property portals it is seen that demand of properties located outside of the city are growing high. The villages near Kollar and Bannerghatta have become hottest spot for real estate investors. If measured by number than more than 35% of land and property buyers are 1st time home buyers and they are ready to buy properties ranging 25-30 lakh. Some around 200 plots are sold in just one and half year in Kolar and there are lots of investors who are interested to buy plots in Bannerghatta as well. This shows a sharp jump of 35% demand in property under.

From the recent trend it can be easily connected that investors are willing to invest in such property because of the low price and the expected future appreciations. Adding these points into the list, some buyers are buying plots in such locations thinking for their retirement homes or holiday homes as well. In the meantime 2nd time and 3rd time home buyers are aggressively buying property panchayat areas. As per the official records 300 plots are sold in in just a span of 2years.

Note: Either you are a land developer or end users, please note this that property in gram-panchayat area are being highly profitable but these properties are also comes with lots of disputes as well. Please verify the conversion of A khata and B khata and also take this checklist before you invest in properties.