MonthSeptember 2016

Location, land of a house

The value of a house depends to a very large extent on the location, land where it has been constructed. While cost of construction of a home or building is almost the same in all places around the world for the same quality, there are a lot of variations in the price of land depending on where the home or building has been constructed and prices are higher in large cities due to the limited supply of land
Hence the ability to predict the development of the area, is an important factor determining the profit made by a land investor

High land prices in Goa

Due to tourism, land in goa is in demand and the prices of land are far higher than neighbouring states, making it unaffordable for most middle class familities. Hence it has become very lucrative for real estate and property dealers in neighboring states like Maharashtra in the areas bordering goa to sell land to people interested in investing in land. They usually advertise that the land is very close to the Goa border and yet can take advantage of the fact that the prices in other states are far lower than the goa prices. Most of those investing in land are only looking for better returns and safety of their investment.