So for some strange reason this year felt like a movie playing on fast forward; it just flew! It feels like yesterday everyone was ready to welcome 2020 and we’re already well into 2021! 2020 was a strange year of uncertainty. But now that the vaccine is out, there is a ray of hope. People are looking forward to the year, in fact, many are revisiting the decisions they put off last year; like making a sizable real estate investment. If you are one among them, then keep reading to know more.
Since you are looking for a property as an investment option, then the best option is residential plots. Investing in plots has many benefits and 2021 is the perfect time to invest in plots. Here’s why.
Stable Property Prices: No matter what the purpose of buying a property, it is always an expensive investment. But with the current situation, property prices, be it ready-to-move-in or residential plots are already at their lowest. It is predicted to be stable for some time till the mid of 2021. Making the best time to invest in plots. Many developers are also offering buyers with attractive schemes and innovative payment methods.
Tough Competition: Whenever one thinks of investing in real estate, most of the time people think of residential projects like flats. However, the pandemic has gotten more people wanting to move away from the hustle and bustle of the city. People seem to be appreciating open spaces more now, making people explore their options outside the city. Since people these days prefer standalone houses in comparison to apartments, the demand for plots has seemed to shoot up. As per reports, there has been a considerable rise in demand for plots. As per the PropTiger DataLabs report, Bengaluru contributed to the maximum sales of plots with almost 31% shares compared to the other seven cities in the country. Since more people are interested in plots these days, you have to decide on buying the preferred plot soon before it is sold out.
Social Development: When investing in property it is vital to look into the development in the surrounding areas. As social development adds up to the value appreciation of the plots. With more people looking to move away from the city, the place is more likely to see growth in terms of better connectivity, entertainment options and more. Although Bengaluru is well connected with bus and the metro service, it is still better to check for the close proximity of the transport services.
High Returns: Land provides attractive profits through various opportunities. Gated plots offer lower risk and better security. They also provide top-notch amenities and services. Plots are said to offer greater returns compared to that of apartments as over a period of time apartments depreciate. Everyone mostly prefers to invest in new properties.
Now that you know why 2021 is the perfect time to look at property investment and that plots are the best options, conduct proper research. Mantri KNS Carica is an investor’s dream come true. This mega residential project is situated in Kengeri, off Mysore Road and offers BMRDA approved plots, luxurious amenities, world-class infrastructure and lots more. Major social infrastructure such as 40 feet wide main road, underground cabling, landscaped gardens and much more. Mantri KNS Carica has great connectivity to other parts of the city via the NICE corridor. The best hospitals, educational institutes and entertainment hotspots all in close proximity. All this and more starting at 20 lakhs. Book your plot now!