It is Risky to Buy Property in Religious Localities?

Strict rules to follow:

On this note, Sadh stated that in some regions there are committees associated to temples who have injected certain rules, like alcohol and tobacco are banned to certain regions in Amritsar. Sadh further said that "In many temple towns in southern India, consumption of alcohol or non-vegetarian food is prohibited. So, if you buy property in these towns, you will have to adhere to such rules," reports ET.

Rental income may vary time-to-time:

Rental income in such localities may be seasonal, where pilgrims visit such places on particular occasions. One can expect a consistent rental income only when these localities turn out be a year round pilgrimage destination. On the note of seasonal localities consider the example of Kumbh Mela in Allahabad, during which millions of pilgrims flock to this place and the rent shoots up to sky prices which would compensate with the year long’s income.