PRICOL PROPERTIES LIMITED

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

Plots VS Appartments