Pros & Cons of Buying Godrej Plots Bangalore
Pros and Cons It is a common dilemma among those considering a real estate Godrej Plots Devanahalli investment – should I invest in an apartment or buy a plot instead? Many people would prefer investing in a plot because the advantages of buying a piece of land are many. Most apartments are ready-built and you have little say in what features you’d like to have and what you do not want. When you own a land, you have the freedom and flexibility to decide how you want your home to be. You must also keep in mind that land as an investment option is more popular in all aspects compared to other options. It also has better resale value, on an average, than an apartment or house. In this presentation we will learn the Pros and Cons of Godrej Devanahalli Plots
The Pros Affordability: Residential plots are always cheaper and more affordable than constructed houses or apartments. Godrej Devanahalli Plots are not only available in an ideal location but also surprisingly affordable, considering the many advantages offered.
Appreciation: Irrespective of the size, available construction space, and location, residential plots experience a better appreciation than an apartment. The proximity to a well-connected location alone is enough to boost the appreciation of land prices.
No Delays: When you invest in an ‘under-construction’ apartment, you might have to wait for several months before possession. As an investor, you do not have to wait anxiously for completion after making down-payment. With the land investment, there are no such risks or financial obligations after payment.
Flexibility: Flexibility is one of the major advantages of a land investment over a built apartment. You can choose the number of rooms, layout, and features when you build your house in a plot after obtaining necessary permits and sanctions. Brand and Trust: All investors face anxiety while buying plots from unknown individuals and the risk of getting cheated is quite high. That is why it is a sound idea to invest in authorized plots offered by reputed real estate developers. Godrej Properties is a well-known brand with a legacy of trust and customer satisfaction since the past 120 years. Amenities: The Luxurious living is all set to be a reality at Godrej Devanahalli Plots Bangalore. For a great lifestyle, the land area comes with common amenities like gym, lush greenery, barbeque, sit-outs, and recreation opportunities.
The Cons Risks: Buying a plot is usually a simple and uncomplicated procedure. However, there is the risk of land being taken over by the government with little or no compensation. It might sometimes necessitate prolonged legal battles. To avoid such a situation, it is best to invest only in a plot offered by a reputed and trustworthy developer. Finance: Many buyers avail a bank loan while investing in a land or apartment. Most banks willingly fund apartments in any location or of any type. But, the land is generally considered a riskier asset and it might be slightly more difficult to avail a loan for buying a plot. Tax: When a person is seeking a home loan, he/she can avail certain tax benefits based on the principal repayment as well as interest under Section 24 and 80C of the Income Tax Act. There is no such provision for interest paid on any loan borrowed for investing in land plots. Supply and Demand: There is a limited supply of land and a general high demand for residential plots. If it is an ideal locality with good connectivity and infrastructure development, it sells out quickly.