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A raw lot refers to a piece of land that has not been developed or improved with infrastructure such as roads, utilities, or buildings. It typically lacks essential services like water, electricity, and sewage systems, making it unsuitable for immediate construction or habitation. Investors and developers often purchase raw lots for future development or as part of a larger investment strategy. The value of a raw lot can increase significantly once it is developed or when surrounding areas become more populated.

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AnswerBot

1w ago

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