The potential is being tapped by developers, who are offering better options to investors in these suburbs. If chosen wisely, these offbeat options can offer significant returns over low investments.
Be it Land, Plot, Apartments or commercial realty, every investor wants to own a property on which he can get attractive returns. But, investing in real estate, especially in prime locations is an expensive affair. In such a scenario, investing in offbeat locations, which require modest investment, could prove to be beneficial. It is the fringes of the cities that are giving attractive investment options today. The potential is being tapped by developers, who are offering better options to investors in these suburbs. If chosen wisely, these offbeat options can offer significant returns over low investments. Vishal Kumar from PropSathi.com has shortlisted some excellent properties with low investment but promising returns in near future. Here we go:
- Sector-14 Bypass- Road from Balicha to Pratapnagar which is presently Udaipur’s bypass is proposed to shift from Kaya to Debari, and this existing road will be 200 Ft. road. Now here comes the excellent opportunity, As the Sector-14 is densely populated and over-priced, one can easily get UIT approved plots ranging from 800/Sq.ft. to 2300/Sq.Ft. near meladi mata temple at Sector-14 Bypass which is just half of what you will pay for similar property in Sector 12,13 & 14. Also, the distance from railway station is just 5.8 Km. Go for it now before it’s late as this area is witnessing rapid development as many projects are already lined up.
- Jeevan-Tara – With distance of just 5 Km from Udaipur’s railway station, this area promises not just excellent returns but exceptional beauty and peace. Be it be apartment or plot, anything invested in this area will fetch you good returns as sparkling and lavish bungalows are being built, high rise building with view of lake goverdhan sagar, St. Anthony school and Water park are nearby. This area has already witnessed growth of 25 % is just one year.
- Chitrakoot Nagar – This area has already witnessed steep rise in terms of prices, but still far away from saturation. High potential lies in this area because of khel maidan being built, Wide Roads and everything else one can ask for.
- Medta – Truly offbeat, but with UIT expanding its Line of Control this area will fall into UIT’s periphery, promising excellent returns, SDO Converted residential plots are nearly trading at price of 300 to 500 Per Sq. Ft. and one can expect growth up to 50 % in coming year or two.
There are many more investing opportunities available presently in the market, all you need to do is to take advantage of current dip in realty prices and hit the cord at right place at right time. And needless to say your property Saathi is always there with you.
Small steps today will bring you closer to your big dreams. Visit www.propsathi.com for more details. Also, find them on Facebook for regular updates and news on Udaipur’s Real estate Market.