I am a non-resident nearing retirement in about 2-3 years and currently own a property valued at approximately 15-20 crores in a smaller city. I would appreciate perspectives on the pros and cons of selling the land outright versus opting to have it developed, primarily to help finance my retirement. I am not in immediate need of funds, so I am considering all options carefully. Thank you for your advice in advance.
hey, i’d tend to sell to keep things simple and avoid buildin hassles. if u ever want longterm returns, developin can work, but it’s a risky bet with delays and cost issues. best to sit down with local experts and get the full picture before deciding.
Having navigated a similar situation, I found that choosing between selling outright and developing requires careful consideration of both liquidity and future income potential. The certainty of a sale offers immediate funds with minimal risk, particularly useful if market conditions turn unfavorable. Conversely, developing the property can add value and generate recurring revenue, but it also ties up your capital in a more complex project that may encounter delays and cost overruns. My experience suggests detailed financial modeling and consultation with experts is essential to thoroughly assess your retirement plan risk.
Have you thought about a mix of selling some and developing the rest? It might offer immediate funds while leaving room for long-term growth. What do you think about balancing that risk versus reward in your specific market?