Cost-effective deal
Since a plot is a simple land hence it is less costlier than a constructed house. It is therefore advisable to invest in residential plots. It’s easier for buyers or investors to buy residential plot in Greater Noida without financial issues. Buying a home using mortgage loans or EMI can increase your financial burden.
Appreciation Cost
The appreciation cost of plots is always on the higher side and their value increases with time. Residential plots give you immediate ROI and their price is guaranteed to rise and gives more profit than other forms of real estate. But the value of plots depends on the surrounding and varies according to the surrounding environment. For example the cost of a plot facing the main road would be higher as compared to the plot located in an area that does not have proper roads or connectivity. Hence the value of plots totally depends on the surrounding environment like quality of land, upcoming projects in that area, proximity to public transport, etc.
Less Complications
Generally people opt for a house loan when they buy a residential house or apartment, hence the buying process gets a bit more hectic. On the other hand, buying phenomenon of a residential plot is much easier and it requires less paperwork or legal procedures. You can easily find a residential plot in Greater Noida which suits your budget.
Less Maintenance Cost-
Residential plots in Greater Noida require no maintenance at all, you just have to keep it in a good condition.
Less Property Tax-
The property tax of residential plots is less as compared to tax on independent houses. So, there is no worry or less worry about property tax. Hence, plot investment is more profitable than housing investment.
On-spot Handover-
There is a trend of possession delay in case of builder apartment/flat. However there is no such issue in case of residential plots, you can take over the land once the transaction is completed. Hence, there is no construction or possession delay.
Construction Flexibility
Different people have different choices and they want to build their home according to their ideas. But sometimes their ideas are incompatible with the home engineer’s vision. It’s not an easy task to implement these ideas at home. It is simple to implement small changes, but making big changes to a ready-made house is a bit difficult. Residential plots are a great advantage to make your dream come true. You can design and build your dream home according to your taste and style.
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