In a locality whose demographics are changing constantly with the accessibility of luxury apartments in North Bangalore becoming a fashion, spending hard-earned money in purchasing plots is still considered a perfect option. Investing money in a property is not an easy task. Not only does one need to find a safe avenue, but also think about what to buy–an apartment or a built-up house, or a plot. The decision depends on your needs, lifestyle preferences, and other aspects like taxation and bank loan. The extreme space crux in the city has resulted in a hike in land prices. This finally made plot developers and plot buyers to look out for land on the outskirts of Bangalore. Areas along the North Bangalore have become hubs of activity.
Infrastructure development, lower rates, and the probability of prices rising fast have also inclined the buyers’ preferences. The area which is a good investment option for plots in Bangalore is IVC Road, Bellary Road. Here, the plots are particularly planned and are a part of a larger gated community. These plots are available with proper access roads, proper electricity and water, and sewage distribution points.
Most preferred and in-demand plots are available with Prestige Park Drive, North Bangalore. They have almost 70% open and green areas which give the buyers the pleasure of living. Several operational facilities too are provided here, like, swimming pool, gym, indoor games, children playing area, food court, 24 hours power backup, 24 hours complete vigilance with CCTV Camera, on-call services (for food, laundry, taxi, etc.), eco-friendly good looking landscaping, jogging park, and most importantly, low budget.
According to property experts, the plots appreciate faster than apartments. The reason behind this is plots are less in supply in the market. Even during stable conditions, the worth of a plot rises with time.
Investing in apartments is a nice option but putting your hard-earned money in plots makes a lot more sensible decision. Flats are an inflexible format of property and this limits the maximum value they can attain. Whereas plots increase in value in several ways despite the markets becoming saturated. Most importantly, the land is much cheaper and hence plots become a good capital investment.