Plots are more of a timely possession than flats, as you can purchase a plot of land and then construct it according to your convenience which isn’t the case with flats. All the legal and personal problems relating to flats do not pertain with possessing a plot as it is available at one’s convience and readiness to buy the plot.
When you purchase a plot, the maintenance needed is very low as compared to that of a flat. You do not need to be very particular about taking of a plot as you would about flat as further customization and construction is done according to your standards and preference. Flats need maintaince and structure’s value depreciates with time.
This is a big advantage of buying plots over flats. The tax on a plot is much lower than one would have to pay for a flat. No loopholes are needed to avoid tax payment as buying a plot over flat takes care of that.
Land is not depreciated because land is assumed to have an unlimited uses for a lifetime. Other long-lived assets such as land improvements, buildings, furnishings, equipment, etc. have limited uses. Therefore, investments in plots is better than a flat as the chances of appreciation are higher in the coming years.
Land is not depreciated because land is assumed to have an unlimited uses for a lifetime. Other long-lived assets such as land improvements, buildings, furnishings, equipment, etc. have limited uses. Therefore, investments in plots is better than a flat as the chances of appreciation are higher in the coming years.
Demand for plots is higher that of flats. People like building plots, according to their ownprorities and budget and it’s a fact that investing in plots is more profitable than a flat due to it’s ROI and appreciative factor.
One can design plots according to your own convience. Vastu is an important factor to many people while purchasing flats. Mostly builders do not keep such factors in mind. Plots give you the freedom to design your house anyway you want You can visualize your dream home when it comes to plots, but flats restrict you between the 4 walls.
Plots give you the freedom to decide the quality of construction of your dream home. The quality of construction is maintained under one’s personal choice and standards.
Plots are a more secure option economically. Investing in plots continues to remain a popular and rightly so,as land is the only asset which has increased in value by ovr 800% . Flats on the other hand is an expensive investment for just a small space which doesn’t now even guarantee appreciation in the coming years.
You are your own boss when it comes to plots !One can set a budget according to his/her own convience and financial comfort. No forced expenses !