Many major cities in India apartment culture is growing rapidly, but there are still a lot of people who wish to buy raw land and construct their house at the place. Investing in Real Estate is always beneficial if you do it correctly. Now the central question is whether we buy apartments or plots, what would be advantageous?
To buy a ready-to-move-in flat, you will need a large amount or take a loan and must pay long-term EMI. It means that as soon as you begin to live in this house, you must immediately start to pay the EMI. Construction work on the plots in Vrindavan or property will be more expensive than same flat size.
The price of buying the flat or plots in Vrindavan depends on its location. If you are considering purchasing land within city limits in the subway, where the area is limited, the price would be too much. The thing to know here is that most banks do not provide a loan to buy a flat, but allow to purchase the plots in Vrindavan Mathura with the bank loan amount.
Also, there is not you need money to build a house, but there is also need to monitor the manufacturing process. Construction cost several times than direct purchase of ready to move in apartment. The contrast is not the case with flats; you have to pay the builder of a certain amount fixed for the necessary requirements of the Agreement.
To change a plots in Mathura structure in residential area you have to take too many approvals from municipalities. In the case of flat, it all work carried out by builders. It is a much more time-consuming process, so get rid of it.
The scope of the resale is that the buyer may have to spend big money on the Renovation or they can build completely breaking the new house. Such instances could have a huge impact on the selling price of the property. It does not exist in the apartment. Because they are part of a set are built into the structure, which is building. So selling it on the market price would be much easier. The only advantage of the plot is the freedom of the land buyer, and he could build a whole new house.
Return on investment
The price of land in the case of Independent House is growing, but there is a decrease in the value of the property under construction. Seller has to continue to invest to keep up its price. Demand for a flat price keeps rising because its cost and market always persists. The owner of the plot can make a good return on their investment if he made several floors at this and took them on rent. If the plot is purely purchased for the investment, it can yield good results.
You also must make sure you buy a property that it is free from all legal complications. In all the seller plot must have all the deeds and documents connected to the ground.
Buy apartment you find facilities like club, swimming pool, gym and indoor shopping, park.