I have been contacted by a seller from Indiaproperty who wants to sell a land in Poondi. The Price of half a ground is around 60K. Would this be a right investment for us now? Do you think the value of the land will appreciate in the near future.

Any insights or advice would be welcome.
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  • I think i spoke to one co just today about some lands in Poondi. This is right near the Poondi water reservoir i think. They also said 60k is what they can offer 1/2 ground at. My suggestion is dont buy from a city based guy. Unless very highly reputed. Its better to visit the place directly and catch a few local villagers. You will get it for Rs.20-30 lesser, plus u can trust local village guys better since theyve been there for years and cant run away overnight. SO the chance that they would cheat you is more minimal. :)