Modi Builders review on knowing the right investment option between Flat or Plot
Flat vs Plot: Crack your decision-making dilemma
Apartments have taken over the residential market, but to have a house which you build yourself holds more value. Although, investing in real estate is the most rewarding option, but it depends on which option will benefit your goal in the longer run — an apartment or a plot of land?
Ready to move in or Building from scratch?
While buying a flat, all you are required is to pay a particular amount or take a loan or pay monthly EMIs and you can start living in it immediately. Although, on the other hand, buying a plot means starting from the scratch. First the buyer needs to buy a plot and then construct a property on the land.
This implies that you have to invest more in the land. However, industry experts at Modi Builders, a Hyderabad-based realtor, review that with residential plots, one has the freedom to reconstruct and customize as per their tastes and needs.
Investing in residential plots means building your home on your own from the ground up. However, the area and the amenities within the vicinity of the project is something you should carefully study. The open plots in Aushapur offer lucrative investment options for the land buyers. Most residential plotted layouts are located within the close proximity of schools, shopping complexes and have all the luxury facilities. Pinewood Homes by Modi Builders makes for an ideal example.
However, for people with limited budget, flats can be a more viable option since their accountability lies completely on the builders. Since building a residential plot can be slightly time-consuming, investing in 2BHK/3BHK flats could appeal them more.
From investment point of view, residential plots have their own specific set of buyers. Lands can be purchased for the sole purpose of constructing entirely new building for making profits or to be used for other purposes.
On the other hand, apartments are mostly purchased to be lived in, rather than for gaining good ROI. The affordability factor and the low maintenance cost of the flats make them a safe option for investment. 2BHK/3BHK flats like Sterling Heights and Elegance are some of the most sought-after apartments in Hyderabad amongst buyers.
Keeping plots and apartments under the lens of legal narrative, Modi Builders’ experts review the need to do a thorough background check. Buyers have to ensure that the flats or the plots they are investing in are free from all legal complications and registered without any dispute. Looking at the options provided by the top builders in Hyderabad, it is safe to say that both the options benefit the buyers accordingly.
In the end, it completely depends on the buyer’s needs and what are they looking for: affordability or long term investment.