?Two Important Advantages of Buying a Plot of land

Posted by Vinay Kumar Singh on February 5th, 2018

Many people today are choosing to invest in plots of land, instead of villas or flats. Buying land as an investment for the future is not a new concept, of course. However, the investment potential of plots has risen over the years, with land being the only asset the value of which has grown by almost 800% over a period of two decades. More and more people, therefore, are investing in land with every passing year, in the hope of such astronomical returns.

With increasing population, the demand for high-quality plots of land for residential and commercial use is ever-growing. Land, however, is a finite resource and its supply is very limited. This is the primary reason for the rapid appreciation in the value of land over the past years. This, of course, draws more and more savvy investors to invest in plots of land in premium locations, or alternatively in places that have high growth potential. Some of the advantages of buying a plot of land have been listed below.

•  Guaranteed Profits: Land is an asset that offers almost guaranteed returns on investment. The prices of shares and bonds can fluctuate, and you may even end up having to sell them at a loss. This is highly unlikely in the case of land. This is because the demand for land keeps rising every year while the supply remains limited. There is no real way for anyone to create extra land, after all. Therefore, the risk of a significant fall in the price of land is almost negligible. Barring a war or natural disaster, you are almost guaranteed to make a profit on any plot of land that you buy.
•  Design Freedom: Many people purchase land in order to build a house on it. When you decide to build an independent house on a plot of land, you have quite a lot of freedom in terms of the design and structure of your home. You can build a house that suits the particular needs and preferences of your family members. If you like gardening, you can build a relatively small house in order to allow a part of the plot to be turned into a garden. Alternatively, if you have a large family, you can design a larger house with multiple rooms, forgoing the garden. This is a freedom that you cannot hope to get when buying a readymade villa or flat.

As you can see, there are multiple advantages of purchasing a plot of land. Buying a plot can also enable you to save on taxes, as property tax on plots is lower than it is on villas and flats. You must, of course, be careful when investing in a plot of land. Before making a payment, you should ensure that the sale deed is legitimate and the ownership of the plot cannot be challenged, by reading through all the property papers diligently. To buy premium plots at affordable rates in some of the smaller cities of India, you should check out the websites of the most reputed developers in the country to find the best plots for sale in Mohali, Panchkula and other cities.