Possible, unless it is gated community or protected with compound walls
|Delay in possession
||Possible unless ready to move in homes
|Budget for home
||Budget for homes by constructing in plots will be high, as land rates are costlier than construction cost. Land cost will take majority share of cost of home.
||Budget will be cheaper as UDS of land will
be lesser (ownership on land for apartment
is far lesser)
|Quality of construction
||Buyer can decide quality and oversee. So it will be high
||High Risk unless with reputed builder or ready to move in homes.
|Amenities, community environment, security
||Not possible unless gated community
|Loan from banks
||Not possible for buying land but loan is available for construction
||Home buyer has to do. As banks will not give loan to buy home. High risk
||Since bank will analyze thoroughly, buyer can trust upon bank verification on title
||Depreciation at 1 to 2%
||No tax benefit for buying land but only on completion of home, tax benefit is available
||Full tax benefit from the time of possession of home
||No yield. As vacant land does not generate any revenue.
||Rental yield will be 3-4% of market value of home
|Strain in completing the home
||Humungous. Since for many it is first time experience getting approvals, overseeing construction, and procuring materials, release of payments Humungous. Since for many it is first time experience getting approvals, overseeing construction, and procuring materials, release of payments accordingly will be a huge strain and time consuming.
||Relatively for lesser. There is no pain if selection of builder is appropriate.
To sum it up, though there is value for money and price appreciation is higher for plots, home buyer who wants for his own use should go for apartment from builder for below reasons;
Person looking to make investment and having cash should buy Plots, as Return on Investment is high