We have some suggestions to solve your problems.
1. Plots
To purchase a plot in India is very challenging task now days, specially if you don't have financial backup for investing. Banks provides loan on plots like HDFC, DHFL, etc. Along with this you will also find some tax reductions schemes.
(a) Opportunity for best use: Investment in land is a very simple and transparent process and is not as complicated as investment in shares and stocks.
(b) Less Maintenance: No need to worry about society maintenance, security rents etc.
(c) Resale: More often, plots have better resale value than residential properties, especially people interested in individual house prefer to purchase land and construct their home depending on their unique taste, preferences and needs.
(d) Bargaining: Reduction on property deals is suitable in purchasing a plot. Land Dealers are more motivated then flat dealers and they will give you the best price for it on your negotiation skills.
(e) Liquidity: Land is always in great demand. The value normally appreciates immediately due to zero depreciation on land.
(f) Flexibility: A plot has high flexibility as it has the option of building as per requirements, while modification and expansion are limited in case of a flat.
(f) Flexibility: A plot has high flexibility as it has the option of building as per requirements, while modification and expansion are limited in case of a flat.
2. Flats
The major factor of an apartment value is based on below:
The major factor of an apartment value is based on below:
(a) Location: Location is the center point of property dealing topic and it is the game changer point in real estate market & your investment returns.
(b) Structure: A long procedure though as it involves white wash, material used to construct the building, ventilation etc.
(c) Service: Before purchasing a flat please ask questions in your neighbour hood about flat maintenance, security, past illegal activities etc.
Buying an apartment is a good option for that person who wants to resell his property whenever he wants and in very easy terms.
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