Which One is a Better Investment Option? Plot vs Flat.
It is not easy to invest money in any property. It is important to think if you want to invest in a Flat or a plot. Based on your needs, lifestyle preferences, etc, you can decide. If you invest in a plot in South Delhi, you can build a house as per your own layout; whereas in a flat there is no freedom to alter the layout or any construction. For a plot, you will be responsible for the construction and security but in flat security and accessibility are all taken care of.
So which is better from an investment point of view–plot or flat in South Delhi?
Effort
For a plot, one needs to plan out the entire construction and the layout with an architect or a contractor. Also, arranging finances and dealing with local contractors involves a great deal of work. For an apartment, the developer gives possession only at the completion of the flat. A flat may have basic amenities like a pool, water, maintenance, guard, club, etc.
Delivery
It can take a few months or years to get possession of an apartment. On the other hand, plots are usually ready for possession. If you want a property investment in Delhi, you can consider either depending on your needs.
Returns
As per experts plots appreciate faster than flats because they are quite less in supply. Since developing a plot is much easier, many people want it. If you want a regular income, opt for a flat. If you want long-term gain, it is good to buy a plot.
Income
In case you wish to earn a regular rental income, invest in a flat. apart from the fast abstracting value, there will not be any income from plots till there is any construction on it.
Flexibility
The condition of a flat will deteriorate with time. Houses may require remodeling in the future for proper maintenance. Plots offer higher flexibility than flats.
Financing
For buying a flat, home finance will easily be able to cover your expenses. For a plot, you get a plot loan which can finance a plot that has been purchased for residential purposes.
Conclusion
While both plots and flats have their pros and cons, choose after a careful evaluation. If the budget is a limited, invest in a plot in a good location. Plot value rises faster than flats, and you will get a decent return from your investment. Flats appreciate slow but give you a rental income from day one. Get the help of experts like SIG RealTech and make things easy for yourself.
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