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Plot or Flat, Which is a Better Option – a Pionier Lifestyle Review

August 26, 2019 by Pionier Developers  

Investing money in a property is not an easy task. Not only does one need to find a safe avenue, but also think about what to buy–an apartment or a built-up house, or a plot. The decision depends on your needs, lifestyle preferences, and other aspects like taxation and bank loan.

While investing in BDA plots for sale in Bangalore or land means building a house as per one's own requirements and approved layout, a flat is a multi-floored construction with no freedom to change the construction layout and size.

In a plotted development, you are responsible for the construction and security of the built-up house, whereas, in an apartment, there is the benefit of security, location, and accessibility.

Plot vs. flat: Which one is a better investment option?

Effort

While buying a plot, one has to plan construction on an approved layout and hire an architect or a contractor to execute it. Apart from supervising the construction, arranging finances and dealing with local bodies and contractors, it involves a lot of leg work over little things.

But, when you buy an apartment, the developer is in charge and gives possession upon the completion of the flat. One only has to worry about furnishing the house and not the actual construction.

Moreover, a flat comes with basic amenities like power back-up, water, maintenance, and security and some added amenities like a clubhouse, swimming pool, etc.

If you decide to buy a plot and build a house on it, you will certainly have to make all arrangements on your own. This makes buying a flat a good proposition.

Delivery

While it may take some months or even years to get the possession of an apartment, plots for sale in Sarjapur Road are usually ready for possession. If your choice of plot is part of a township, you are likely to get possession of the plot earlier than a flat.

As developing a plot is easier, it has more takers, therefore, it is easy to exit your investment when you want to. Appreciation depends on the location and proximity to big infrastructure projects. Also, during stable market conditions, the worth of a plot rises with time.

Location, surrounding infrastructure, and the quality of neighbourhood push up the value of apartments, as they do for premium villa plots in Sarjapur too.

Tax

Tax treatment for premium lakeside villa plots and flat is different. When you take a home loan to buy an apartment or a builder floor, the monthly loan repayment allows you to save tax.

 

Income

If earning a regular rental income is on your mind, you must invest in a built-up flat. An apartment can be rented out to fetch you some income, whenever you want, which is not possible in the case of BDA approved sites for sale.

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