How to maximize returns in real estate
By Rishi Saraf, 1-Aug-2016
Lands in the vicinity of towns & cities offer very high returns over time. They typically quote at a low rate per acre (an acre is 43,560 sq feet) at the time when there is no development nearby. As the city grows, the land eventually becomes a part of the city’s outskirts and eventually the city itself.
The returns are typically in multiples and much higher than those from constructed property & plots of land.
All cities & towns follow a similar pattern, whether it is Gurgaon or Eastern Metropolitan Bypass (Kolkata) in the 1990s, Vikhroli (Mumbai) in the 1970s, Ramdaspeth (Nagpur) in the 1960s.
Initially the story is about a futuristic expectation and then over time it becomes a reality.