Purchasing a built property is completely different from investing in purchasing land. Daintree Residence in Malaysia is a good example of investing in a residential property. However so, the investment that you put in is guaranteed to return to you only if you purchase a good land. The return of investment os completely based on the type of land you are buying and the location of the land. There are many frequently asked questions, in that one of the most frequently asked questions is that “ Which is the best option food return on investment? Id it a residential land or a nonresidential land? But the investors and the buyers actually have very little knowledge of what is residential land and the types on nonresidential land. Every type of land has its own challenges, pros, and cons. The growth of the lad in the market also depends on the type of land. If you are facing confusion on the type of land to buy, it is important that you first understand the different types of land parcels and the types of return on investment you can get from that land you tend to buy. Based on the usage there are different types of lands that are differentiating into residential land and non-residential land.
We can say that the nonresidential land is furthermore divided into other types of lands like the Industrial land, commercial land, and the agricultural land. Here, the best choice for independent buyers is to invest their money in buying industrial land, commercial land, or agricultural land. The government also holds some lands that would be needed for the building of recreational areas such as parks and also some lands that would be used to build bus stands. These lands will be then given to the private players for tender for development.
Residential Land
Family housing or many family housing. Any type of land or a plot or a lot, parcel, or any tract area of the land that is used for building houses for the owner or for building properties fr the need for the tenant occupation I known as the residential land. Any type of family accommodation would be feasible for residential land. It may be for single-family housing or multiple-family housing. All this will be capable of residential land. All this sill qualify for a residential property.
How to buy residential land?
If you need to purchase a land then first you will need to purchase the land, you must first draft the agreement you are hoiung to make with athe seller and then stamp it with a rs 50 stamp. The agreement should comprise the details of the cost that is agreed by the buyer and the seller., the details of the advance deposit by the ibuyer to the seller, the actiuopn that needs to be taken inorder to complete the biying of the land and also on the size, location and all the details of the particlar land. After the agreement is done then the next step would be to register the land.