Is it worth buying roadside land in village?

Investing in land is considered as a lucrative option by investors. Roadside land in villages remains in demand as it can be used for diverse purposes, such as commercial developments, or any agricultural ventures. With rapid urbanisation, real estate developments are taking place at a fast pace, and rural areas are emerging as investment hotspots. However, before investing in rural land, one should consider aspects, such as the location, soil quality, and infrastructure.

Should you buy roadside land in a village?

There are several benefits of purchasing roadside land in a village. First, prices of rural land are typically lower than those in urban areas. Thus, it is a cost-effective investment for a buyer. Moreover, roadside land in a village has easy access to transportation. These land parcels are likely to have good visibility. Hence, they attract property buyers and potential businesses looking to set up their operations.

Rural land, located away from the bustling cities, is suitable for a vacation home or weekend getaway. One can start agriculture activities, such as a poultry farm, construct a house, or set up a local business space. Further, rural land serves as a long-term investment due to increased land demand and urbanisation.

Factors to consider while buying roadside land in village

• Location: The location of the land parcel and its proximity to major roads and highways are important factors to consider before investing. A suitable location enjoys easy accessibility and good visibility, attracting prospective buyers.
• Market demand: Check the area’s local demographics and assess the property or land demand. This enables the buyer to get village land at nominal prices.
• Zoning and regulations: The land parcel must comply with the local authority’s legal requirements. In some areas, there may be restrictions on land purchase or use for commercial activities or construction.
• Infrastructure: Make sure essential amenities, such as electricity, water, and sewage facilities are available. Lack of such facilities may pose difficulties in development and daily operations on your land.
• Area topography and soil quality: If you want to invest in land for agricultural, business, or commercial purposes, assess the soil quality and topography. This is necessary to ensure successful farming practices or construct a solid structure.
• Future development plans: Keep track of real estate trends and research upcoming infrastructure projects or developments in the region. Developmental projects favourably impact property values and result in economic growth.
• Security and safety: Look for past data from the news and local authorities for any history of crime or vandalism in the vicinity.
• Environmental factors: Find out the potential environmental factors that can impact the ecological balance. Factors such as deforestation, floods and soil erosion can impact the environment and pose problems for your property.
• Legal due diligence: Approach a legal professional to find the ownership status, title deeds, legal status, or any disputes associated with the land.

How to invest in roadside land in a village?

• Agricultural land: Start agricultural activities, such as farming and horticulture on the land parcel. Assess the soil quality and local climatic conditions to find the most suitable crops for the land. Ensure proper planning and management to get significant returns.
• Commercial development: Roadside land in a village can be utilised for establishing small shops, gas stations, and restaurants, attracting travellers along highways or connecting roads.
• Infrastructure projects: The land parcel can be utilised for developing parking facilities, rest areas, service stations, and other establishments, thus enhancing the transportation infrastructure.
• Tourism and hospitality: One can develop resorts, guest houses, or farmhouses for recreational activities, which is quite popular among those living in urban areas.
• Leasing or renting: One can buy rural land and lease or rent it to businesses or individuals for various purposes. This provides an opportunity to earn a steady rental income source without extensive investment or management.

How to get loan for land?

Many investors consider opting for a loan when purchasing a land parcel. Typically, there are two types of loans – residential land loans and commercial land loans.

Before buying a land parcel, one should consider the following points:

• Eligibility criteria: This may vary depending on the financial institution from where one is opting for a loan.
• Loan amount and interest rates: The loan amount is typically a percentage of the total cost of the land. The interest rates can be fixed or floating. Loan borrowers should evaluate the terms and conditions of different lenders to get the best deal.
• Repayment period: Loans for land purchase typically have a longer tenure compared to other types of loans. This could be 15 – 20 years.
• Documentation: One must check the documentation procedure from the financial institution.

Housing.com News Viewpoint

There is availability of rural land parcels in many regions, which attracts investors as they have better accessibility, visibility, and future potential. One can consider the land for agriculture purposes, commercial developments or personal use. Before investing in roadside land in a village, it is essential to do thorough research and assess the potential risk factors.

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