Plots of land have been one of the most popular investment options for a considerable number of years, and continue being so even now. This is one of the prime reasons why a consistently increasing number of people are choosing to invest in plots nowadays.
Some of the key advantages of investing in a plot of land are as follows:
- Tangible asset: Unlike stocks or shares, plots of land are tangible assets. Owing to the consistent increase in demand of land and its limited supply, investors can surely expect exponential increase in its valuation. Additionally, the valuation of an already build construction would depreciate over time due to wear and tear, but so would not be the case with plots of land.
- Creative Freedom: With a plot of land in hand, people get the full freedom to design the structure they want to build on it. They can unleash their creativity in designing a space of their dreams.
- Affordable: Investing in a plot of land is essentially a much more cost-effective option in comparison to purchasing already-built units, including flats, apartments, and villas.
However, owning to the rapid urbanization in the country, the property prices in the large modern cities like Ghaziabad, Delhi, Mumbai, and Pune has witnessed a significant hike. Due to this reason, investing in plots in these large cities has become unaffordable for many. In such a scenario, a person can choose to invest in a plot in Mohali or Amritsar or other such small cities, where the property prices are currently much more reasonable. In addition to this, owing to the great infrastructural developments and industrial advancements taking place in cities such as Mohali, the property prices there are expected to rise to a considerable extent in the near future. Hence, investing in a plot in a place like this now would be quite a lucrative and smart option for investors, as they can expect to get a much higher resale value from it. In order to invest in a plot in Mohali, interested investors can easily check out the websites of the renowned real estate companies that have launched mega township projects in these cities.