Investment in Land deals in Chennai highly lucrative

In today’s scenario Land transactions have become highly lucrative business, and according to several market watchers it has led to an upsurge trend of people investing in land in the city.
While discussing on this point, according to Dinesh Babu K, Marketing Manager, ABI estate said that “land is a asset which increases by time and does not have the volatility of gold.” He added that “when it comes to investment, huge number of population considers fix deposits and gold normally the first priority. On the contrary city has transformed very fast in the previous two decades and land transactions have gone up by 1000% regardless the city.
As per the fresh reports the new hotspots for land investment in city areas like GST Road, Oragadam and Sri Perambadur.
On the other hand land investment in the outskirts of the city is also booming areas like tier-two cities such as Madurai, Trichy and Coimbatore. Experts said that “in the outskirts of city land prices are affordable and availability of prime locations have boost the property market.”