Things to check before buying farmland, sr citizen or retail space
3 property deals that need extra thought
LiveMint
Though they are attractive, there are risks and restrictions involved. Know them before you buy. The real estate market witnessed a buying/selling frenzy in 2006-07 and the beginning of 2008. Foreign direct investment, introduced in 2005, had settled in by then and prices were up 40-50% the actual values. In some cases, prime properties were sold 10 times in a month. For buyers, any property became worth buying. An upcoming apartment in a distant suburb, a vacant plot, a redevelopment project or commercial or agricultural plots, buyers saw investment opportunities everywhere.
Categories: Delhi, Greater Noida, Gurgaon, Noida Tags: agricultural land, agricultural plots, buying farmland, buying retail space, buying senior citizen housing, farmland, foreign direct investment, greater noida, Gurgaon, hutment, investment opportunities, prime properties, redevelopment project, sonepat