• While buying land the top questions to keep in mind are:
• What is the total cost of acquiring the property?
• Does the site provide as much space as you need?
• Is public transportation available?
• Is the location likely to develop "drop in" or "impulse" consumer traffic?
• Is the site located at a popular area (E.g., Near a movie theatre or a shopping complex)?
• What other types of businesses are located around your site? Are they going to compete with your business?
• Is fire protection close by?
• Are basic utilities available (E.g., water, electricity, sewer, gas etc.) at a reasonable cost?
• Are you going to be travelling by car a lot? If so, are the expressways located close to your location?
• What is the history of the site?

Historically there is only one way land prices move and that is up. The easy availability of financing and high disposable income have led to a rise in land prices in urban areas in our country and even in certain rural areas.

The prices of land on the outskirts of the many major cities in India have risen more rapidly than the central business districts. Many a time investments in land on the outskirts of major cities have led to huge appreciation in value, due to the rapid development of good road connectivity, shopping centers, malls, airports and schools.

An Investment in land, thus outperforms all other forms of investment in the long run.

Valuation of property’ simply means arriving at the actual prevailing cost of the property. It could depend upon a number of parameters, location of property being the most important one. One needs to consider other parameters such as age of property, projects available, facilities offered and the sizes available in that project. The latest transaction price of a similar property needs to be considered to arrive at the closest value of the given property.