Real estate investment is a traditionally popular mode of investment in India. Such investment comes with myriad benefits, so people keep adding this investment to their list of assets. Real estate is divided into many subtypes: commercial, residential, industrial, etc. Residential investment is subdivided into villas, apartments, plots, etc.
It is a well-known fact that residential plots are a much more attractive option for investment for most Indians. It is a highly reliable asset of investment thanks to its manifold returns. They help in making long-term assets that secure one’s future. They are a sure mode of building up financial security without any prospects of losses. They can be bought or sold per market trends, as in the case of the HSIIDC Barwala plot for sale.
The Pandemic era has made plots more valuable investments than apartments and flats. Such investments are regarded as less volatile than shares and stocks. The property’s long-term value can yield profits by getting capital gains through the sale of plots. The purchase of land as an asset has become more popular, and demand for land has risen due to many reasons.
The following are the main advantages of investing in plots:
When you invest in an apartment, the décor, both external and internal, depends on the vision of the architect. The option for making any changes is largely limited since a total change in layout is mostly impossible. As opposed to this, a plot of land is an empty canvas which offers several options for design and decoration with the exercise of one’s own choice and will. A home is constructed mostly for a lifetime, and hence, design and decoration can be carried out as per your personality and taste as well as your lifestyle.
No charges for maintenance
Once you buy an apartment or villa, you have to pay monthly maintenance charges, including renovations, electrical problems, plumbing, etc., whether you stay in the property or keep it locked. In contrast, owning a plot does not require such monthly expenses and helps save much expenditure like in the case of govt approved plots in Shahabad.
Low initial investment
A crucial advantage of investing in a plot is that there is no wait time or interval between buying and taking possession of land. This is in contrast to investing in an apartment, which might take a few months or years when its construction is completed. Additionally, the final time of hand-over of an apartment is based on the stage of the project’s construction. But land does not need any construction, and hence, owners can take possession straight after buying.
Gaining a tangible asset
Unlike bonds and shares, the plot of land is a tangible asset. During stable market conditions, the value or prices of plots will appreciate much. As opposed to this, the value of built houses is likely to depreciate because of wear and tear with the passage of time. As for the value of plots of land, it will depreciate only in extremely rare cases. Therefore, they are highly beneficial options for investment.
There are numerous benefits to investing in plots of land, and a compelling one is that it will almost never depreciate. As a matter of fact, the value of land will be much appreciated in locations with good, developing infrastructure. Such plots of land will slowly or rapidly appreciate in the future. Purchasing a plot is a great option for saving money, especially since the initial investment is relatively low.
Very less competition
One factor that makes investment in land plots attractive is that there is very little competition in the market for raw land. Most real estate investors are bent upon investing in commercial property, apartments, villas, etc. Very few realize the advantage of investing in plots and how they can avoid the rat race for other kinds of real estate.
Ease of selling
It is quite easy to sell a vacant piece of land since there is no issue of moving out with one’s belongings and shifting to a new place. Additionally, there is little emotional connection with a plot of land compared with a personally furnished home. Thus, it is easy to sell a plot of land and reap the reward of an appreciation of property value.
One of the recurring expenses for property owners is property tax, no matter whether they own plots of land or a constructed house. But the fact is, property tax for the plot is much lower than that of a house. Hence, it pays much to invest in plots of land.
In sum, investing in plots helps garner many opportunities because it does not involve high maintenance costs and can be used to construct homes when and how the homeowners like. Having no encumbrances, plots of land can be sold easily when market trends are favourable.