A great number of people prefer to purchase residential plots in comparison to already built structures as the value of a plot of land appreciates faster than that of an already built establishment. Owing to the consistent increase in population, the demand for plots of land for residential and commercial use is ever-growing in the country.
In today’s scenario, investing in plots in the various flourishing cities like Mohali, Ghaziabad, Meerut, etc., can prove to be quite a prudent move. This is primarily because the real estate prices in these cities are comparatively lower, and considering the rapid developments that these places are going through, the prices of properties here are sure to soar up in the near future, giving the buyers a great benefit. For instance, Mohali is pretty much the key focus area for real estate investments now, as the city is undergoing rapid developments and its socio-economic infrastructure strengthening. Also, real estate prices here are still much lower in comparison to many other large North Indian cities like Delhi, Chandigarh, and Gurgaon. However, in the coming few years, the property prices of Mohali are expected to increase considerably, owing to its rapidly developing infrastructure and the availability of many employment opportunities. As a result, on investing in residential plots in Mohali, buyers can always expect excellent returns on relatively small investments in the city.
Buying residential plots offers a host of advantages, some of them being:
· Maximum flexibility: Having a residential plot to build a home is essentially all about the freedom one gets while planning for and deciding upon the key elements of the residential unit. They can decide on the expanse of the garden, size of the rooms, number of balconies, and other such important elements as per their requirements and the need of their family members.
· Low risk: Being a tangible asset, a plot of land tends to carry minimal risks from an investment perspective in comparison to bonds or shares. Plots located in flourishing areas ideally fetch extremely high returns on investments, as unlike built structures, their valuation does not depreciate with time.
People looking to buy residential plots in cities like Mohali, Faridabad, Ghaziabad etc., can always explore the websites of the prominent real-estate companies that primarily focus on these areas and have launched mega residential projects here.
