We know that plotted developments have been on high demand ever since lockdown. Do you know why? Plots are an excellent investment – they give investors a chance to explore an asset that has excellent return on investment. Land or rather plots are perhaps the only asset that comes with an appreciation guarantee!
But not all plots are created the same; in fact, all of us have heard of instances where investors were in for a bitter experience on their dream investment. Right now there are nearly 75,000 private plots just in Bengaluru alone, over 6000 acres of land, notified for acquisition by Bangalore Development Authority(BDA) according Section 38(D) of BDA Act.
Here is why buyers prefer buying branded plotted developments.
Transparent ownership: From Khata certificates to sale deeds- there is a lot of paperwork, add to that, the confusions regarding ownership, even the accuracy of the size of the plot. With such discrepancies, it is only natural that buyers trust branded plots as the only option. With properties like Mantri KNS Carica, there is no scope for any discrepancy and there is transparency in every step of the way.
Clarity on land use: If you need to use any land in India for real estate purposes, you have to convert the land into non-agricultural land with proper paperwork. Branded plots, purely by the scale of their operation ensure that they have the correct conversion paperwork. Many plots are constructed on agricultural land, government land, encroached lake beds which leads to complications in the future.
Branded plots appreciate faster: Branded plotted developments like Mantri KNS Carica grow faster than their unbranded counterparts. With luxurious amenities like an amphitheatre, a wellness zone, a senior’s lounge, landscaped gardens, you are signing up for more than just a plot. Buyers are getting a lifestyle. If a buyer wants to sell the plot in the future, these amenities and infrastructure play a great part in determining the price of the said plot.
Clarity in pricing: Pricing is another important aspect because of which branded plots are preferred by people. Often with unbranded plots, the price is determined by whoever can negotiate the most – but this always means the price is inflated to adjust to the final sale price. These issues with pricing dissuade buyers from actually buying a plot since they have no clarity on what they should actually pay.
Approval from authority: Sometimes, unbranded plots and plotted developments claim to have all the necessary paperwork and yet have major issues in the future. There are many plotted developments that one can see that have neither roads, drainage or even electricity. This happens when these plots aren’t recognised by any of the authorities like BBMP or BMRDA. Without local municipal support, plotted developments cannot enjoy any of the benefits extended by the city.
No threat of encroachment: Plot owners often get into a lot of trouble when they realize that their plot has been occupied by illegal occupants. Getting the police involved is the only way out and it is a tedious process. With a gated community like Mantri KNS Carica, you are assured of your plot no matter how many days or even years you leave it unoccupied.
Mantri KNS Carica is a BMRDA approved plot development that offers countless amenities including luxurious amenities like an amphitheatre, a wellness zone, a senior’s lounge, landscaped gardens along with basic amenities like underground cabling, 24*7 security system with CCTV cameras, sewage treatment plants, black-topped roads, etc. This branded plotted development is also a gated community which has added benefits and utilities like mentioned above along with the safety and security of the community.
Leading developers, like Mantri, carefully choose the location for their plotted developments with future appreciation in mind. Other developers offering small plots, on the other hand, will never be able to offer this kind of sense of expertise.
Smart investors choose to invest in smart properties like Mantri KNS Carica, Kengeri, off Mysore Road