Real estate has always been one of the top preferred investment options for Indians and there is always a certain level of sentiment attached to it. While a plot is a highly preferred property type as it not only is an appreciating asset but it also provides consumers with a sense of ownership. But, before you take the plunge, let's look at the advantages and disadvantages of purchasing a plot.
Real estate is rapidly growing and with it, the prices are also drastically going up so it gets extremely difficult to own a home. However, a plot is an easy entry into the market, plots are more affordable and come with lesser property tax than residential spaces. Hence, making it an affordable investment option in comparison to other options. And the added advantage here is - plotted developments don't have maintenance costs.
As the locality achieves growth, the value of plots attains appreciation. Although, plot prices vary with location, and size you can rest assured that higher returns are guaranteed, and the rate of land appreciates at a much faster rate than an apartment. And it is a given fact that land prices appreciate if the basic infrastructure around the property increases and a limited supply of land increases competition and in turn encourages more favorable prices.
Investing in land gives you the advantage and flexibility to customise your dream home to suit your needs, for example - you can build a larger home with several spacious rooms, whereas you can not do the same with pre-built apartments. With plotted developments you can build your home that reflects your personality and lifestyle. Individual homes also give the option to expand, and with necessary permits and sanctions you can construct more rooms or floors in the future if the need ever arises.
If you are environmentally conscious, you also get to ensure the use of eco-friendly materials while building your own home and make it energy-efficient along with being environmentally-friendly.
Plotted development offers you a higher Return on Investment (ROI), increased resale value, and a lower maintenance cost, and is the ideal option not only for securing your future with investment but also for residing. However, a proper evaluation before taking the plunge is always recommended. We at Malles are committed to giving you only the best - Fortune Earth is placed at the center of infrastructural development and well-planned connectivity. Whether you are looking to build your dream home or invest in your future, Fortune Earth is the right option for you.
Visit us to know more - http://malles.in
