Over the past few years, demand for land as an investment has experienced an uptick. From 2020 to 2021, there has been an increase of 155% in rural land sales. This growth is due to the stability that comes with purchasing a piece of land.
Secondly , good to invest in land or flat
Experts say that plots appreciate faster than apartments. This is mainly because plots are less in supply in the market. Age does not affect your investment in plots, as it does in the case of apartments. Appreciation depends on the location and proximity to big infrastructure projects.
Thirdly, good to invest in land or flat
Investing money in a property is not an easy task. Not only does one need to find a safe avenue, but one also has to think about whether to buy–an apartment, 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 plots 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.
The rate of appreciation on land is higher than constructed properties as land remains in the same condition barring natural impact caused due to weather or erosion. Also, a limited supply of land ensures higher competition in the market, ushering in increased price points.
