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      • Upcoming Projects
      • Ongoing Projects
        • Shuba Mangal
      • Completed Projects
        • Aquitaine
        • Urban Ville
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        • Golden Rays
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        • Caledon Square
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Mobile : +91 99441 34567
Email : marketing@pricolproperty.com

  • marketing@pricolproperty.com

  • +91 99441 34567

Plots VS Appartments

Topic
Buy Plot
Apartment
Illegal occupation

Possible, unless it is gated community or protected with compound walls

Not possible
Delay in possession Not possible 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 Possible
Loan from banks Not possible for buying land but loan is available for construction Available
Legal verification 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 No depreciation Depreciation at 1 to 2%
Tax benefits 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
Yield 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;

  • Identifying cheap land for the budget is difficult
  • Need to go through the ownership verification process
  • Need to invest heavily from his side, as no bank loan for buying land
  • Managing land from encroachment before starting construction
  • Designing a home for first time is difficult and might go wrong without proper advice from architect
  • Need to put enormous effort in getting approvals
  • Managing construction of home, procuring right quality of materials at appropriate price, measuring the performance is buyer’s headache

Person looking to make investment and having cash should buy Plots, as Return on Investment is high

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