Ankur Vihar, located on the border of Delhi and Ghaziabad, has emerged as an attractive option for property investment, particularly for those seeking affordable plots. With its proximity to Delhi and developing infrastructure, the area holds potential for future growth. However, before diving into a 50 gaj plot investment in Ankur Vihar, a closer look at the pros and cons is crucial for making an informed decision.
Pros of Investing in a 50 Gaj Plot in Ankur Vihar:
Affordability: Compared to plots within Delhi, a 50 gaj plot in Ankur Vihar is significantly cheaper. This makes it an accessible entry point into the real estate market, especially for first-time investors or those with a limited budget.
Potential for Appreciation: Ankur Vihar is undergoing development, with improved infrastructure and connectivity projects planned. This growth could lead to an increase in property prices in the future.
Land scarcity: Land availability in Delhi is limited, making peripheral areas like Ankur Vihar even more attractive. As demand for plots rises, the value of your investment could potentially appreciate.
Rental Income: While the size of a 50 gaj plot restricts construction to a small house or apartment, it can still generate rental income. This provides a steady cash flow and can be a good long-term investment strategy.
Own Your Piece of Land: Land ownership offers a sense of security and can be a valuable asset to pass down to future generations.
Cons to Consider Before Investing:
Limited Plot Size: A 50 gaj plot offers restricted space for construction. Building a spacious home might not be feasible. It might be better suited for a small family or a rental unit.
Development Stage: Ankur Vihar is still developing. Essential amenities like schools, hospitals, and shopping centers might be limited currently. You may need to rely on nearby areas for these facilities.
Infrastructure Challenges: Traffic congestion and a lack of proper infrastructure in some parts of Ankur Vihar are concerns. Development projects might take time to improve the situation.
Lower Liquidity: Selling a smaller plot might be more challenging compared to larger ones. The pool of potential buyers may be smaller.
Legal Verification: Thorough legal verification of the plot and its ownership is crucial. Ensure you have clear titles and there are no disputes over the land.
Investing in a 50 Gaj Plot: Making an Informed Decision
Here are some key factors to consider before making your final decision:
Investment Horizon: If you have a long-term investment horizon (10 years or more) and are comfortable with waiting for potential appreciation, a 50 gaj plot could be a viable option.
Purpose: Are you looking to build a small home or generate rental income? Understanding your purpose will help determine if the plot size is suitable.
Budget: Factor in the cost of the plot, registration, construction (if applicable), and potential future development fees.
Location: Choose a plot with good access to main roads and upcoming infrastructure projects. Proximity to existing amenities is also a plus.
Conclusion
Investing in a 50 gaj plot in Ankur Vihar requires careful consideration. While affordability and potential appreciation are attractive, the limitations of the plot size and ongoing development need to be weighed against your investment goals. Conduct thorough research, understand the legalities involved, and consult with a real estate professional before making your decision.
Comments are closed.