Why people like plots and the advantages of buying Plots in Chennai

by Godrej Properties Limited

650

2

Purchasing a home is a dream come true for many Indians, who invest their entire life savings in that pursuit. Many people from all over the country travel to Chennai, one of the biggest information technology hubs, in search of employment. A lot of people see purchasing a home as a financial decision that will pay off in the long run. The debate over whether to purchase a plot of land or a flat rages on while some people are unsure of the type of home they want to purchase.

A lifestyle that you deserve

Purchasing a plot has a number of advantages. In the first place, purchasing a plot in or near the city of Chennai would ensure a luxurious and independent lifestyle. Owning a plot of land gives you complete ownership over it, which means that you will be able to use it however you see fit. It offers absolute autonomy and liberty to construct a home in accordance with one's preferences and tastes. Purchasing a plot of land might be advantageous if you value privacy. Additionally, unlike flat owners, plot owners offer complete control of the land because they do not share it with anyone. Even though they reside in a community, they enjoy the luxury of total privacy.

Enjoy great flexibility and versatility

Once you have a plot, you are able to construct your ideal house as well as a garden, backyard, parking area, and much more. A home should not only fulfil your needs but also reflect your personality and fit your lifestyle. Buying a plot is similar to buying an empty canvas. One can build a home completely from scratch, give it the customizations they want, and leave space for future changes. When it comes to plots, one is free to select designs based on their budget. Even if you currently don't have the means to build an extravagant residence, there is always the possibility of doing so in the future. Developers often charge the cost of the non-constructed space at the same rates as the constructed area whenever it comes to apartments. Many times, people choose budget over design and structure as a result of this rising cost.

High returns on your investments

If you purchase a plot in a fantastic location with first-rate amenities that only continue to improve, you may be making a wise investment choice. This is because plots can have a higher resale value than apartments as they appreciate more over time. Plots additionally have a lot more to offer because of their lower initial investment and higher returns over a shorter period of time. One of the most important advantages of buying a plot is the fact that it is more affordable than buying an apartment, especially for first-time buyers. One can decide not to build in plots if money is an issue. By doing this, it lowers not just the initial cost but also the substantial maintenance expense that comes with apartments.

Plots act as a dual asset for you

A piece of land can be a double asset for you. You can turn it into a commercial space as per your wishes. A plot is a resource that can be left to later generations. Thus, purchasing a piece of land is a solid decision and would be simpler to sell in the future. Whether they will receive possession by the date the builder promised is one of the significant risks that the majority of flat buyers today must deal with. Delays in possession have a number of consequences, including incurring pre-EMI interest, losing tax advantages, losing rental income, etc. However, none of these risks apply to plot owners.

An easy and transparent way of purchase

Since purchasing a plot involves a significant financial commitment and requires a trustworthy partner, many are somewhat hesitant to do so. They typically choose a major player in the sector and settle for an apartment for security reasons. However, there are a number of registered businesses that sell plots in an open and honest manner. They also assist people in purchasing a plot of land without any difficulties or added complications. Even if the builder has all the necessary approvals, the flat owner will still be at risk if the builder makes any mistakes during construction. Plot projects do not require any building approvals. A plot purchaser only needs to consider the title and layout approval.

The best places for those who anticipate high returns are those near the Chennai Airport and other regions such as, Oragadam, Thaiyur, Avadi, Sriperumbudur and Chithamur. These areas are rapidly developing and provide a high rate of return on investment. Before purchasing any land or plot, one should conduct careful research to ensure that their investment is secure.

Plot in Oragadam- Godrej Sunrise Estate

Godrej Sunrise Estate in Oragadam, Chennai offers a range of plot sizes to suit your investment needs. With top-notch amenities and infrastructure. this plotted development by Godrej properties in Chennai ensures a promising duture for your investment.

Given that both plots as well as apartments have benefits and drawbacks, it would be best to make a decision after weighing your needs, financial situation, and obligations. At the end of the day, a plot in a neighbourhood with potential for growth would make for a good financial decision.

Previous Post
Next Post