Mumbai (Maharashtra) [India], Dec 2 (ANI/BusinessWire India): Historically, land ownership has been valued as a tangible asset. Earth is a rare commodity that experiences eternal appreciation.
Investing in a villa plot allows investors to diversify their investment portfolio as a low cost tool. Investing in plots is a wise decision that ensures higher resale value and long-term returns. The advantage of investing in prime villas is multifaceted due to clear ownership rights without encumbrances and transparent ownership that increases its value. The planned development also attracts young investors to take advantage of the flexibility to develop a villa for their own use or explore better rental avenues.
A vacant lot also attracts low property tax compared to vacant residential houses, which proves to be a wise decision. Hiranandani Parks, Oragadam, Chennai offers a select range of residential villas known as Hiranandani Tierra. It is carved right in the center of a large integrated 360-hectare settlement. Owners are free to plan, design and build custom dream residences to suit their priorities and desires.
The concept of an integrated city comprises high-rise statues, functioning commercial and retail outlets, proximity to healthcare, CBSE schools, residential hostel, clubhouse for entertainment and an array of sports activities that enhance the “quality of life” of the plot owners. The Habitat neighborhood is full of privileged mainland expat homeowners and renters who exemplify a sustainable and well-balanced lifestyle. According to Hiranandani Communities, a media spokesperson, “Hiranandani Parks, Chennai has successfully delivered over 1 million sq. ft. villa plots with nearly 70 percent registered sales. These premium plots are infra-ready with sizes ranging from 1200 to 4000 sq.ft.” ft. Today we are also offering fast moving retail plots as an added value to customers. Due to increased market demand, Hiranandani Communities is gearing up to launch a third phase of construction around four square meters sq. depending on DTCP approvals in the coming quarters. The new launch will also include an offering of villas , custom-built to attract ambitious plot buyers.”
Investments in residential plots have increased several times since the outbreak of the pandemic due to insured investments. Land transaction volumes have tripled in key real estate markets with moderate price increases of 5 to 10 percent depending on variable factors such as location, amenities, floor plans, approvals, branded developers, etc. The planned development in Hiranandani Parks is a user friendly investment property, ready for registration and RERA accredited. In the Chennai real estate market, residential plot price rates have grown at a CAGR of 18 percent between 2018 and 2021. Last year, Ambattur, Oragadam, Sriperumbudur and Thaiyur witnessed the highest price growth in Chennai.
Hiranandani Group embodies the legacy of mega real estate development in areas like Mumbai, Ahmedabad, Noida, Pune, Chennai etc. Precision engineering, quality assurance, innovative technology and proactive master planning are growth drivers for sustainable results with proven results. Strong credit ratings demonstrate financial acumen and transparency of operations, operations and prospects over four decades. The group’s natural diversification into emerging asset classes such as data centers, warehouses and industrial parks means its underpinning strength and global expertise. An exceptional user experience is perfectly matched by the group’s consistent commitment to delivering unparalleled “customer delight”.
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