Investing in real estate has always been a popular option for many people. In the search for a better investment avenue, people have been debating between plots and flats for a long time. Should you invest in a plot and build your dream house or buy a ready-made apartment? This blog will provide a comprehensive comparison of both these investment options in Pune.
When it comes to investing in real estate, one can go for either a plot or a flat. NA plot in Pune, Just like any other residential plot, is a piece of land on which one can build a house as per their requirement, while a flat is a ready-made or under-construction house that is more tangible in nature. So, let’s compare these two investment options based on several factors.
Differentiation Between Investing in a Flat and a Plot
1. Flexibility:
A plot provides much more scope for further modifications, as people can build their dream house as per their requirements. On the other hand, a flat is a ready-made property, and hence, there is hardly any scope for modification.
2. Rate of Appreciation:
Plot investment in Pune is expected to appreciate at a much higher rate than that of a flat. This is due to factors such as increasing demand for space in the market and the ever-increasing population of Pune.
3. Financial Aid or Assistance:
Financial aid or assistance is much easier to obtain when investing in plots rather than flats. Banks are more willing to provide loans for plots as they are considered to be secure investments.
4. Potential of Income:
When it comes to potential income, plots provide much more scope for generating income than flats. One can rent out their plot for commercial use, or even develop it for residential use and rent it out to tenants.
5. Tax:
Property tax on plots is usually much lower than that of flats. This is mainly because the owner is responsible for the construction, so the tax burden is much lower.
6. Effort:
When it comes to effort, investing in a plot involves much more effort than a flat. Building a house from scratch can be a long and tedious process, whereas a flat is ready to move in.
7. Delivery:
Acquiring a plot may be easier with respect to flats, but in terms of actual construction, the process is much slower than that of a flat.
In conclusion:
When it comes to plot versus flat investment in Pune, one should make an informed decision on the basis of their requirements and aspirations. For instance, if you want a ready-made house, then buying a flat would be the obvious choice, but if investment is a criterion for you, then you can look for plotting projects like Escape City, Vintage City or First City by Eden Landmarks. Whatever your priority is, you need to ensure that you make an informed decision after weighing the suitable options.