The real estate market is on fire, and speculators have made money in the market. Over the past few years, speculators have made money by blocking apartments and then transferring the titles. This market now I think has peaked out. With rising interest rates, the possibility of appereciation in flats/apartments is now low.
Right now, speculators have started to look southwards in tamil nadu. The government of TN is now interested in developing Southern Tamil Nadu. The land prices there are right now rock bottom, largely fuelled by high level of urbanisation happening in TN right now. Anyone with good information can make money by speculating on land in TN now.
The information I refer to is on which specific areas of TN the government plans to develop, and this information is necessary before announcements are made. Secondly, the reliability of the information plays utmost information. This poses a huge risk for potential investors. Those willing to undertake such a huge risk are likely to reap huge rewards from this sector. Some likely areas in TN are Madurai-Trichy belt, Kovai region, and my biggest bet is on Yelagiri. 4 hours from both Chennai and Bangalore, with the evolution of the weekend get away culture, land values here are bound to increase. With the growth of the economy, logistics will become more important, and I expect land value in the Thoothukodi and Namakkal to appreciate. The former is Tamil Nadu's second port, while the latter is the hub of trucking business in TN.
Right now, speculators have started to look southwards in tamil nadu. The government of TN is now interested in developing Southern Tamil Nadu. The land prices there are right now rock bottom, largely fuelled by high level of urbanisation happening in TN right now. Anyone with good information can make money by speculating on land in TN now.
The information I refer to is on which specific areas of TN the government plans to develop, and this information is necessary before announcements are made. Secondly, the reliability of the information plays utmost information. This poses a huge risk for potential investors. Those willing to undertake such a huge risk are likely to reap huge rewards from this sector. Some likely areas in TN are Madurai-Trichy belt, Kovai region, and my biggest bet is on Yelagiri. 4 hours from both Chennai and Bangalore, with the evolution of the weekend get away culture, land values here are bound to increase. With the growth of the economy, logistics will become more important, and I expect land value in the Thoothukodi and Namakkal to appreciate. The former is Tamil Nadu's second port, while the latter is the hub of trucking business in TN.
