Land has been considered an appreciating asset since the beginning of civilization and humans have always aspired to own a piece in their own name. The value of land depends on its location and plots which are located in good/upcoming residential areas command high value.
The best time to invest in a residential plot was yesterday. The next best time is now. There are several advantages of owning a premium residential plot in any city or large town. Let us explore a few of them.
Long-term Investment –
Residential plots, as an asset class, are an excellent long-term investment as it is tangible and scarce. The scarcity value of land increases the demand for it and translates into higher prices. Depending on the development of the neighbourhood and better infrastructure, the value of these plots appreciates with time. Unlike stocks or other speculative assets, the land is tangible and will not reduce to junk. This makes it a good asset to hold in a diversified portfolio.
Transparent Asset
It is convenient to invest in residential plots since you have visibility and clear ownership of the land. Investing in shares comes with uncertain market risk and your entry point may not always be the best. Over time, residential plots have a higher probability of consistent returns.
Excellent resale value
When you buy a plot of land, you have the flexibility to leave it as it is or build your dream home. Either way, the investment will fetch you good returns as independent houses are always in demand. Make sure you buy a residential plot that is close to amenities like schools, shopping malls, hospitals etc. There should be good connectivity to other parts of the city with good roads and public transport.
Low investment
Opting for a residential plot in a developing area can be a great investment as you may get it at reasonable rates with good potential for appreciation. You can choose to build at a much later stage or sell it off. So, there is no need to block all your funds at the same time. This is a valid reason why even youngsters can think of investing in premium residential plots offered by reputed developers.
Lower Property Tax
Although you cannot completely avoid property tax the rates are lower for residential plots. So the holding cost of a vacant plot is cheaper than an empty residential house.
Dream House
Location.Location. Location. That is the most important feature for any property. So if you find a plot at your dream location, you should simply go ahead and buy it. You can customise your dream house later. It gives you the flexibility to lay the foundation for multiple floors and make additions whenever you feel like it. This flexibility is impossible in a readymade flat and in fact, the two options are simply not comparable.
Immediate Possession
Unlike flats, you don’t have to wait for getting possession of your plot. Transfer of ownership takes place immediately on registration of the sale agreement. Make sure you have clear title of ownership.
Wrap Up
Building your dream home in a dream location is an aspiration of millions of people. If you get an opportunity, it is definitely worth exploring. Valmark offers premium residential plots for sale at Devanahalli. They are ready for registration plots in sizes varying from 1200-2400 sq ft. You can build your dream home according to your individual taste and preferences. Enjoy the luxury of nature in the comfort of your palatial abode. That would be close to paradise on earth, wouldn’t it?
