Some Key Reasons Why You Should Invest in a Plot

Posted by Vinay Kumar Singh on February 21st, 2018

For years, plots of land have been a highly popular investment option for people from all backgrounds and walks of life. Land is favored by many people as an investment option for a number of reasons. In the last two decades, the value of a plot of land has grown by over 800%, making land the only asset class that has delivered such performance. Aside from that, land is a low-risk investment, as the demand for land will remain robust as long as there is a need for housing, commercial buildings, farmlands, etc. Therefore, more and more people choose to invest their hard-earned savings in plots of land.

With a growing population which is now more affluent than ever before, the demand for land is ever growing. Land is needed for housing, transportation, farming, cultivation, commercial activities, public amenities, and a host of other things. However, owing to the nature of the commodity, the supply of land is extremely limited. After all, unlike with most things, we cannot simply manufacture more land.

Apart from this, there are numerous other benefits associated with purchasing plots of land, as opposed to a flat or an apartment. Some of the major advantages of buying land are as follows:

•  Investing in land guarantees a high profit margin simply because of the gap between demand and supply. The availability of land is limited and cannot be increased or decreased in any way. On the other hand, the demand for plots of land increases every day with the rising population.
•  The process of investing in a plot of land is quite transparent and simple, which is not the case with other asset classes such as stocks, shares, bonds, and equities. This attracts people who have money to invest but are not formally trained in financial management.
•  A plot of land can be leased out for a number of activities such as tenant farming, allotment, parking lot, etc. In this way, you can generate a rental income on your plot of land with no additional investments.
•  Purchasing a plot of land is usually more affordable than buying a residential property such as a villa. This is because the cost of land is lower and the property tax that needs to be paid on a plot of land is also lower when compared to a residential property.

Therefore, in order to find the best plots for sale in Mohali or any other parts of Punjab, you should immediately check out the websites of the most well-known upcoming real estate projects in the state. In terms of return on investment, a plot of land located inside a world-class integrated township would be the most prudent investment option. You should also ensure that the real estate project is being developed by a reliable and reputed property developer with an impeccable track record.