Be it land, apartments or commercial realty, every investor wants to own a property on which he can get attractive returns. But, investing in real estate, especially in cities and metropolitans, is an expensive affair.
In such a scenario, investing in offbeat locations, which require modest investment, could prove to be beneficial. It is the fringes of the cities that are giving attractive investment options today.
The potential is being tapped by developers, who are offering better options to investors in these suburbs. If chosen wisely, these offbeat options can offer significant returns over low investments.
Earlier also, we had highlighted few offbeat locations in Maharashtra and Tamil Nadu that could be a great investing option. Here are few more places that have great scope for investment.
Raigad, a district in Maharashtra, is 84 km away from Mumbai and 110 km from Pune. Panvel, Alibag, Mangaon, Roha, Pen, Khopoli, Kharghar, Taloja, Khalapur, Uran, Patalganga, Rasayani, Nagothana, Poladpur, Alibag, Karjat and Mahad fall under this district.
Raigad is connected to Mumbai through Sion-Panvel Expressway and is accessible via Mumbai-Pune expressway, NH-7 and NH-17. The Maharashtra government is working on a proposal to develop a private smart city at Pen in Raigad district.
Raigad is close to places like Lonavala and Khandala and the presence of Adlabs Imagica, Ballaleshwar Ashtavinayaka temple in the vicinity makes it an ideal location for a getaway.
The area has institutes like Dr. Babasaheb Ambedkar Technological University, which is the only technical university in Maharashtra. The location has tremendous growth potential making it a promising investment destination.
Source – ETrealty.com – Economic Times Initiative – Sep 09, 2015