When one considers the resale value of the house, most peoplelooks for an independent house. They prefer to buy a plot and get it construct on their own rather than going for a built up home. Buying a plot anywhere in India can be challenging unless you have a sound financial backing, but at the end of theday the land is yours.
Builders are launching several residential plots in Noida. Also, banks offer several types of home loan in India which includes loans to buy plots and also for construction, so if you can own a plot it is a better investment than buying an apartment. Houses have a greater resale value because the person, who is buying the house, also becomes the owner of the plot on which it is built.
Benefits of investing in a plot are more as compared to investing in an apartment:
Maximum Flexibility- You are your own master. When you invest in a plot you get to choose as to how you want to build your house. You are your own designer and architect as you can infuse your personality into your home. The end result is a projection of your taste and an extension of your personality. [Read more…]