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| Pradip Misra Expert- Real Estate |
Whatever be the type of property, its location plays an important role in determining its price and demand. Also, if the location where the property is situated is easily accessible, then there is no difficulty in selling that property and the price is also available at affordable prices. This is the reason why for years there has been a trend of buying property on the side of main roads or in areas adjacent to them and at present this trend can also be seen on expressways along with state and national highways. There is no doubt that buying property near a highway can be a good investment but it also comes with some risks. If you are also considering a similar investment, then it is important to keep some important things in mind, let us know.
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| Buy Book on Real Estate |
highway height
The height of the highway affects the value of your property and the traffic there. If a highway is higher than your property, visibility and accessibility may be problematic, which can reduce its potential value. So consider the height of the property so that you get the right return on your investment. If you are going to buy a pre-built property in such a location, then make sure that your property is not at a lower level than the highway because in that case rain water, especially, can cause a lot of trouble to you. Rain water will cause water logging around your property and in case of heavy rainfall, water can even enter your property.
Highway entry-exit point
At present, the highway has started being designed in such a way that some entry and exit points have been made to climb on it and exit from it, which means that you cannot use it by climbing on the highway from any place. Are. In such a situation, while buying a property near the highway, see at what distance the entry-exit is from there. There is no doubt that the closer it is, the greater the traffic pressure on your property. If you are taking property for commercial use, then it can be beneficial, but if you are taking property for residential use, then it may be beneficial. But a property in such a location for residential use can increase your problems. There is certainly a lot of vehicular traffic on highways, so you will experience a lot of noise in your property, and excess traffic can also lead to pollution problems.
Pay attention to the masterplan
Before buying property on a highway, make sure to review the master plan of that particular area. This shows what is the use of the land in that area, such as where residential and commercial development is to be done, as well as whether the area adjacent to any part of the highway is planned to be developed industrially. If there are plans for any major development work in the future, the price of your property may increase. Therefore, invest only after understanding the masterplan so that the value of your property improves in future.
Service road facility
Having a service road near the highway is beneficial for investment. The convenience of a service road provides easy access to and from the main highways and provides greater security to your property. This can be helpful in protecting your investment and increasing the value of your property. Another thing to be noted here is that if you buy a property near a state highway, its potential price may be slightly lower as compared to a national highway. Anyway, properties near National Highways generally have more traffic whereas those on State Highways have comparatively less traffic pressure. Keeping all these aspects in mind, if you decide to invest, it will definitely give you good returns in the future and the investment will also be safe.
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