Imagine having your own weekend retreat, away from the city chaos, in a picturesque location. Isn’t this your dream too? Investing in a plot in India can not only open the door for an unforgettable vacation experience but can also pave the way for financial growth.
An investment decision of any kind is a tricky needle to thread. So how can you get started with investing in the right place?
In this blog, we have curated a list of India’s top 10 investment destinations, unraveling plot investment’s key considerations and potential benefits.
Top 10 plot investment destinations in India
While you are considering investing in India, investing in the outskirts plot is preferred over the major cities. Compared to land cost, the return is higher in the outskirts. With the number of development projects lined up in the coming years, we anticipate the ROI to increase further.
Here is a list of some of the best locations near Mumbai that will help you in the process.
1) Wada
Wada, a quaint town tucked away in Palghar, near Mumbai, is one of the most promising land investment destinations for the future. It is declared a special development zone by the government. Wada is a green wonderland that grabs the attention of people looking to escape urban chaos without much traveling.
With the newly built highway which links to Ahmedabad, the property rates are expected to rise. Several celebrities have also made an investment in plots in Wada and built villas there. Also, compared to other locations, plots for sale in Wada are affordable, making it the best place to invest in real estate for young buyers from the Indian middle class.
2) Alibaug:
Located on the Konkan coast of Maharashtra, Alibaug has been a select investment property destination for many celebs. The daily ferry service makes Alibaug a perfect quick escape destination for the city dwellers of the financial capital of India, Mumbai. The city has also witnessed several significant development initiatives and the tourism industry, which has grown the property value to 150% and is expected to rise even further.
3) Lonavla
Lonavala has been considered a great holiday home destination to invest since years. It is well accessible by train and road. Besides being a picturesque location with a massive inflow of tourists from Pune and Mumbai, the best developers have designed properties with luxury comforts.
4) Khopoli
Khopoli has generated a lot of buzz in the land investment market near Mumbai due to the affordability factor. Tourists and adventure seekers are interested in this area due to the picturesque western ghats, scenic and beautiful waterfalls. Khopoli also has excellent connectivity to Mumbai, making it a fantastic investment option.
5) Dahanu
Dahanu has been declared an eco-sensitive zone. So though there are a lot of developmental projects in Dahanu, the serenity of the place will be preserved in the future. Like Wada and Khopoli, Dahanu is also becoming a weekend hotspot, making it a preferred land investment option.
6) Pondicherry
Pondicherry uniquely blends French and Indian cultures because of its colonial influence. It is selected under the smart cities mission, which provides a growth opportunity for this city regarding connectivity and tourism. Hence, many people prefer it as a second home investment destination.
7) Kodaikanal
Kodaikanal, a beautiful hill station in TamilNadu, is becoming a popular destination among investors. Since the land price is cheaper here, but the number of tourists visiting this place is constantly rising, it is an attractive income source. In addition to that, the development of the new Kodaikanal bypass has made the town a suitable option for land investment.
8) Coorg
Coorg is a beautiful hill station in Karnataka filled with lush greenery and a coffee plantation. This hill station is very close to Bangalore and has improved road infrastructure. The properties in Coorg are cheaper than Ooty and Kodaikanal, but it has an added sense of high social status. Hence, Coorg is a preferred investment destination for NRIs investing in real estate in India.
9) Shimla
Known as the ‘Queen of the Hills’, Shimla in Himachal Pradesh is a divine destination with the backdrop of the Himalayas. It is one of the most popular hill station destinations for people from our capital city and Chandigarh seeking a place away from the hustle and bustle of the city.
Until lately, there was a misconception regarding the rules around plots for sale in Himachal Pradesh. The laws here vary state-wise, so it is advisable to consult an expert before investing here.
10) Yercaud
Yercaud in Tamil Nadu is a late starter in the real estate investment market. Regarded as Poor Man’s Ooty, this place has seen a lot of change in the real estate market in a couple of years. With the growth of nearby IT cities, the prices of land for sale in Yercaud are also rising and are expected to rise further.
Read More: The Ultimate Guide to Buy Residential Plots Near Mumbai
Conclusion
If serene greenery, breathtaking views of nature coupled with higher ROI is what you prefer, investing in any of these properties will never disappoint you. If you are a Thane, Nashik or Mumbai resident looking for a plot investment destination nearby, consider the Palghar and Wada regions. The Greenway Properties in Wada is one of the top plots for investment in this region. Greenway doesn’t just provide plots for investment in Wada but also has built-in villas with all modern conveniences. This makes it a superior investment option compared to just plots available elsewhere.
FAQ’s:
Is it OK to invest in land?
Is investing in property a good idea in Mumbai?
While many people invest in properties in Mumbai, investing in lands on the city’s outskirts is advisable. The plots available for sale in the suburbs are cheaper than in Mumbai and have higher ROI. Also, since the places have a lot of tourist influx, there is a higher chance of earning passive income from properties outside Mumbai.
Which location is best to invest near Mumbai?
Wada and Palghar region is considered a great investment option near Mumbai, considering the region’s strategic location, growing infrastructure, improved connectivity to major cities, and serene beauty around the region.
