Bangalore is a posh tech city located in the state of Karnataka and features above 67,000 tech companies. The IT sector of the city has given many people ample jobs and also made a huge population settle down in the city. There are premium plotted and villa projects by the best builders like Puravankara Ltd. The projects are the best options for buyers looking for safe investment choices. These are nestled in prime localities like Bellandur, Whitefield, Electronic City, etc. The main question arises which is the best option for investment when picking plots vs villas.
In general, plots are easy to customize and can be purchased at low rates, whereas villas give high resale value and rents. There are pros and cons in both the properties.
The pros and cons of investing in a plot are:
Pros of investing in plots
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Plots are affordable and suit buyer's budgets with low additional costs. The land parcels give higher returns and good rentals.
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Buyers have the option to customize the units and develop them as per their will. The plots give options to build office spaces or homes/
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The maintenance cost of the plots is low compared to the already-built homes. The other inclusive charges are also low and help buyers to buy the unit easily.
Cons of investing in plots
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The land parcels are bought at affordable prices but developing a home or office on it is expensive.
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Plots take time to give investment benefits immediately, like high returns or resale value. The units are not easily taken for rent, and their rental value is low.
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Plots do not get sold easily and take time to give returns.
There are many pros and cons of investing in a villa; these are:
Pros of investing in a villa
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Villas are ready for buyers to move in, and no extra costs are added for construction. These units give the option for immediate possession.
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Developing a unit on a plot takes time for construction, water supply, electricity line, etc. A villa is already constructed and does not take the buyer's time. A drainage system, water supply, etc, are already available in a villa.
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A villa is higher in demand as compared to a plot. It is taken for rent and is easily given for resale. As compared to a land parcel a villa is more in demand and gives better ROI.
Cons of investing in a villa
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A villa is already made as per the builder's demand and built area. There is no scope for a buyer to modify it or customize it.
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Villas are the most expensive residential option as compared to plots and flats. These are offered at high prices starting at Rs. 1 Cr onwards.
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The maintenance cost of a villa is high as compared to a plot. The plots are only required to be bought where, as villas take high maintenance charegs.
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