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The ultimate guide to finding the best places to buy investment property
What comes to mind when you hear the word real estate investment? The images of a luxury house, villa, farmhouse, apartment, and so on flash in your mind. However, the word investment rings a caution bell to many of us for various reasons. If you are an avid investor, you would prefer to choose an investment instrument that will provide you with the best return in comparison to others. However, a financial instrument is only good enough to guarantee a greater return once you liquidate it. Moreover, value appreciation can be seen as a one-time gain. Be it an investment in equity, trading, buying and selling other marketable securities, etc. There is a fragile line between wealth creation and profit maximization. Most of the time, we use it interchangeably without understanding its true meaning. Profit maximization is subject to market dynamics and price fluctuation, whereas wealth creation is like building an asset that guarantees a great value appreciation over time. Since investment is property, it has both the advantages of wealth creation and profit maximization if chosen carefully. The location advantage is indeed a crucial part of this journey. Let’s find out why the location of a property is an important factor in choosing a property and find out the best places to buy investment properties that enhance your financial portfolio.
Why location matters: Property location does not mean ease or convenience of services available nearby. It has various other benefits as well. Charges, investment costs, and returns are all affected by property location. However, the choice of property may vary from person to person as per their preference and objective. For example, moving to a smart city or metropolitan region can be a preference for young people, whereas elderly people or people looking for quality time with family and tranquility may prefer a calm and hassle-free location. Similarly, a virgin location is very popular for high-end customers seeking some private time that secludes them from daily mundane affairs. In addition, a well-developed city or place may offer you a good return but will also be a costly decision to make. Developing a location can be a great choice to avail of greater amenities and return a low-cost investment. Similarly, PLC, EDC, and other charges vary from property to property and from different locations as well.
The strategic location that matters: Property investment is not a small decision that one can change overnight; rather, careful observation is required. Choose a strategic location for greater benefit. The difference between an ordinary location and a strategic location is that an ordinary location speaks about the advantages and amenities already available and of a basic nature, like shops, roads, transportation, etc. Strategic location means a location that is envisioned to offer greater human value and holistic development. Upcoming smart cities, places of historical, cultural, and religious importance, and property near industrial areas, commercial hubs, SEZs, or specially dedicated areas offer a greater return than well-developed areas and locations.
Best places to invest: Although there are plenty of options available to park your investment to buy a property, in this blog post, we will explore some real property investments that have great potential for wealth creation and earn a greater return in a relatively shorter duration.
Lucknow: Lucknow is not only the capital of Uttar Pradesh but also home to many government offices and MNCs. The city has immense potential, and the past few events have validated the logic as to why this place is a more prominent choice for investors, developers, and property seekers alike. The city shares a great tapestry with a fast-paced corporate lifestyle and a place to spend quality time with your loved ones. The rich cultural heritage and historical importance make it a great place to dwell. Well-connected with different cities with great transport facilities, less expensive, and a great quality of life, blessed with various great institutions of education and health care services with great civic amenities, are just a few of the important factors that are hard to pass by. Various developmental projects and avenues of economic importance and business also prefer this city as a great place to operate. The city has also hosted various investment summits in the past and received numerous investment proposals from different business and corporate houses for development.
Naimisharanya:- This place shares a great bond with the past and is also famous for its natural beauty. It is also called the spiritual universe of the earth. Naimisharanya is a great tourist attraction for Hindu pilgrims. Famous Chakrateertha, Hanuman Gadhi, Vyaas Gaddi, and various other religious places are often visited by religious tourists. The bank of the Gomti and its lush green forest capture tourist attractions and mesmerize them with their natural flora and fauna. Situated in a virgin location, this place is also perfectly aligned with the government's agenda of restoring lost pride in places of religious importance. The U.P. government has already decided to set up a Vaidic research center and other institutions for the development of Naimisharanya.
Ayodhya: Ayodhya has been famous for its confluence of cultural and religious importance for ages. However, the city witnessed a new dawn of development after the court verdict that paved the way for the construction of Ram Mandir. This place holds important significance as per Hindu spiritual connection and is famous as the birthplace of Lord Rama. After the inauguration ceremony of the Rama Temple, there has been a steep rise in tourism from all across India and overseas. On the very first day, the city hosted almost 22 lakh tourists, and the legacy still continues with regular visits by spiritual tourists, approximately 4–5 lakh. Lately, various corporate houses and businesses have also shown keen interest in setting up their projects in this location. Such as Tata, Radisson Group, Lodha Group, etc.
Dholera, Gujarat:- Dholera has been a famous area of Gujarat ever since Narendra Modi was the chief minister of Gujarat. It has been a part of the development of Gujarat and an emerging corporate hub for various businesses and MNCs. The government has already done numerous developmental projects in this area. Moreover, it is an upcoming smart city that will be blessed with world-class amenities in all aspects. The best civic amenities, greater connectivity with different cities, single-window clearance, IoT-based traffic, and other systems, greater job and business prospects, the development of various world-class educational and research facilities, health care facilities, rainwater harvesting, and green energy solutions are a few crucial factors that make this location a great place to invest.
The careful selection of these prominent locations can elevate your return and property appreciation, unlike other locations that guarantee you a greater return but also include greater investment costs. These locations have strategic importance and multifaceted benefits associated with them.
Conclusion:- Property investment is a very crucial decision that not only assures a greater appreciation value to your property but can also harness greater returns if chosen carefully. Choosing any property can slow your earning potential and also depend on various other factors. Thus, it becomes important to choose a property that is strategically located to elevate your financial potential. It is rather important to look for amenities, returns, and benefits that are perfectly aligned with location benefits so that your search for the best places to buy investment property can meet its destination.
