Residential Plot

Magarpatta City, Mundhwa, Pune

Investing in land is significantly different from purchasing a built property. However, the returns on investment are largely governed by the type of land you invest in. One of the most frequently asked questions by all investors is – Which offers better ROI – residential land or non-residential land? Little do the buyers realise that there are various types of non-residential land, each having its own set of challenges and prospects of growth. If you are facing this dilemma of which type of land property to buy, it is essential to understand the types of land parcels and the kind of returns on investment you can get from that piece of land. Based on usage, land is broadly classified into residential and non-residential. Non-residential land is further classified into – Industrial Commercial Agricultural Any land, plot, parcel, lot, tract or area of land including any building used primarily or intended to be used for owner-occupied housing or tenant accommodation constitutes residential land. Single-family housing, as well as multifamily units, can be constructed on residential land to qualify as residential property. A piece of land is zoned for residential use by the local development authority or the department of town and country planning. But, you can use it for other investment purposes such as making rental income and, under certain special circumstances, for commercial or agricultural purposes.

More About This Property

3200 square_feet Plot for sale in Mundhwa, Pune. This land has a dimension of 50.0 ft length 64.0 ft width. This Plot is available at a price of Rs 3.75 Cr. The average price per sqft is Rs 11.72k. Price. This is a corner plot. The plot is East facing. There are 2 open sides for this plot. The width of the facing road is 64.0 mt. This residential land also has a boundary wall. The brokerage amount to be paid is Rs 0. The most popular landmarks near this plot are Vatsalya Hospital, Manipal Hospital, Kharadi - Pune, KP'S RESTAURANT