PLOT VS FLAT : WHICH IS THE BEST INVESTMENT?
WHICH IS THE BEST INVESTMENT? • Real estate is one of the best investment decisions in India because the potential growth rate of real estate is high compared to other markets. • Both the investors and users face a dilemma that either to invest in a land or in a flat.
WHICH IS THE BEST INVESTMENT? • Here we have listed the advantages and disadvantages of both investment options which will help you to make the best decision.
PROS OF INVESTING IN A PLOT - CUSTOMIZATION • Customization is one of the added benefits of the landowners. Plots will give the freedom to design the house on their own. • According to your personal preference, you can either construct a shop or a residential building. • You can search for the new projects in Chennai before finalizing the land.
PROS OF INVESTING IN PLOT - VALUE APPRECIATION
• In most of the metro cities, the value of the land gets increased day by day. • As a property owner, you can construct residential apartments or keep the land empty as per your requirement. • You can fewer hassles if you buy a plots in Chennai.
PROS OF INVESTING IN PLOT - FEWER HASSLES •
When purchasing a land you don’t want to invest in maintenance and thus, you can easily cut down the overheads. • The users are delivered with the land on time once they complete the full payment.
PROS OF INVESTING IN FLAT - FINANCIAL ASSISTANCE
• Once you looking to buy an apartment or flats in Chennai, there is a number of banks available to give financial assistance. • They will help you by offering home loans up to 85% as well as you can get other tax benefits. • Return on Investment
RETURN ON INVESTMENT • Due to increased demand on residential properties in the hot area of Chennai like Pallavaram, vadapalani, T.Nagar you will always get a high return on investment. • You can also get the second income by renting your apartment in a recent amount.
CONVENIENCES • Owning a ready to move apartments in Chennai has become the choice for many. • There are numerous facilities and amenities you can easily get along when buying apartment buildings. • You can live a stress and a comfortable life when you invest in a flat.
FINAL THOUGHTS • Buying a land or residential building is based on the requirements of the individuals. In both the cases, you have pros and cons. • Make sure you know the checklist before buying a property or land.
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