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There is no doubt that real estate is the best ,fruitful and guaranteed forms of investment. Today, there is a rise in demand for land.if you are thinking to invest in real estate , here’s why investing on the plot would be your best option.
1. Flexibility
When you want to purchase an apartment/Flat, buyers are limited to the architect’s pattern of the home. They can make a few alterations to the property and changing the major portion is completely out of the question.In contrast, plots for sale in Sarjapur road, Bangalore is like an empty canvas to draw your dream picture. A house is a place where we spend most of our time we should have the freedom to design it in such a way that should match your personality and lifestyle.
2. Investment is low
Apartments/Flats are costlier than a plot of land even the affordable ones. On the other hand plots for sale in sarjapur road is very much more cost-effective. Their affordable prices make the investors not to find any financial obstacles on their way. Most of the investors prefer to buy villa plots near wipro corporate office early and build a house on it later, when they settle. This can be a good idea instead of buying a house and paying EMI.
3. Land is appreciating quickly
The most important feature of investing in real estate is that there will be almost guaranteed returns. Buy land and residential homes both have the returns,but investing in a land/plot will give you an edge. These years, land gives more returns than residential property. The land value is depending on the surrounding infrastructure. Improvements in the latter will bring you guaranteed returns. for instance, plots for sale in sarjapur road is a fast developing area. Because of this, plots in sarjapur road becoming more valuable with time. It offers more returns in a short span of time.
- No possession time
If you are investing in under construction apartments, you should wait until it is completed to take possession. The duration may be a year or even longer based upon on the construction stage. When it comes to land there will be no delay and can take possession instantly.
5. Property tax is low
The property tax for land is much lower than a house. In Bangalore, for example property tax on homes are up to Rs. 5/sq.ft. for tenanted homes and Rs. 2.50/sq.ft on own homes. For land it is Rs. 0.12/sq.ft and touches up to Rs. 0.50/sq.ft. This will save your money a lot.
6. No maintenance costs
Whether you live in your purchased home or not, you need to pay maintenance amount. Some of these are constant and fixed by housing societies and some are unplanned, like plumbing, electrical problems and water. In plots , there will be no maintenance cost.
