Why Plots in Kengeri will become a hot new investment

Over the last 20 years, the value of land has increased by over 800%. Therefore it still remains one of the most popular forms of investment. A residential-sized plot of land would allow investors to share in any future development gains without the need to buy large acres of land. Buying plots is more simple and transparent compared to apartments and villas. There are no complicated steps and procedures that the investor has to understand. Investing in a plot is quicker and simpler than buying a property.

One of the reasons why buying a plot is more convenient is because it offers greater flexibility. When buying a property, a person is often limited to the architect’s vision of the home. A plot of land, however, acts as a blank canvas where the person designs the layout and decides everything according to him in great details. You can use your choice of materials and also stretch and add elements that are important to you.

Residential homes, apartments and villas are more expensive than plots. A plot of land is more cost-effective as the initial investment is low. Since land is appreciating quickly, it makes it one of the best choices for investment. The value of the plot is also dependent on the surrounding infrastructure.

Another reason why plots are increasingly becoming a popular choice for investment is because of lower property tax. Property tax is a recurring expense that property owners are accounted for. In case of plots, the property tax tends to be lower than it is for a house. Therefore plot owners can save money when they are making the initial purchase and also in the long run.

An advantage of owning a plot is that it requires no maintenance. Even the most hands-off investor can purchase a land without having to worry about its upkeep. Plots are finite assets as new high-rises will continue to be built and there is only a limited amount of land that will be available for purchase. Unlike stocks and share, the buyer will always have a tangible investment they can touch and see.

Traditionally plots were available only to elite businesses-men, farmers, and wealthy individuals, however today it is available for investments by normal income-earners too. Today the demand for land is on the rise often outpacing the sale of apartments.