subject: Tips To Make Investment In Industrial Land A Success [print this page] Seeing the present scenario of the real estate, buying a land is a money-spinning investment. Lands are classified into various categories based on their size, location and purpose. For example, commercial, industrial, agricultural land or SEZ, residential land are a few categories of it. If you have sufficient capital and credit; investment must be a great issue of concern in your mind. You must be thinking and struggling to find the best way that also ensures you of good return. Acquiring or owning an industrial land offers multifaceted benefits.
Industrial lands are relatively easier to put up for rent, if you find a good tenant and apply a good lease. Very little or negligible management is needed for industrial property. Certain key factors that need to be kept in mind while considering a land for buying purpose includes the below given list:
Seller should have legal rights over the land. Check if he is authorized person to sell the land.
Land should be free from legal implications.
Verify that the land should not be mortgaged.
Check for the location of the land. It should not be too far from the basic amenities.
Take a legal advice from an expert to refrain from getting into an unwelcoming situation.
Check if the land has got permission from planning department.
Involving an agent who is quite proficient and fairly aware of the recent market trends is a good idea. A real estate agent can show you a number of lands matching your requirements and can therefore help you out in making the best choice. Surfing on internet to know the price as well as the size of the available lands is of great help. If you know the market movement, it can help you in later stage to negotiate over the price.
Sometimes, people think they can buy land on their own. However, past records have shown that dealing in property matters without sufficient knowledge is not advantageous and generally ends up in huge monetary losses or illegal factors connected to it. Seeking advice from an expert, who is well versed and aware of every minute detail related to property, can definitely minimize such risks. It is good to estimate a land from the perspective of the return it can deliver you after sometime. Be prepared, as you may have to do a lot of effort, but then There is no success without hardship.
Based on the dimension, site and services being offered, the value of a land is calculated. Any newbie looking for first investment opportunity makes sure he does not have to throw it into the trash. What makes investment in industrial property much liked are the two unique features of it, namely, Security and intactness. Anyone dreaming to buy a property, has a pre notion in mind that he will get an asset which he can sell if need be and renovate the way he want.
Industrial Land Mohali is a choice of so many business minded persons due to the facilities it offers compared to cost. Mohali is in full bloom, therefore making it your habitat is certainly a good and money-making idea!
