Land investment has always been among the top investment options for
property investors. Land investment is generally the preferred type because of
its low maintenance cost and better resale value. Investing in plots near Saswad by GrowScape will be worthwhile.
However you should be aware of all the pros and cons of investing in land.
Pros:
• Limited Supply
The supply of land is limited and the possibility of creating more is not so easy. Due to its limited supply and the ever increasing need, the demand for land has only been going up.
• Residential use
One of the biggest benefits of buying Residential NA land is that it can be customized for any use in the future. You can use it to construct a house or you can sell it later on for construction purposes or when you get a right price for it.
• Higher resale value
Because of limited supply of land prices have been increasing. Suppose you buy a piece of land; after sometime its price may increase and it will fetch you a higher price if you try to sell it.
• Less maintenance
Cost of maintaining a plot is normally less than a constructed property. One need not worry about repairs of leakages or any other physical damage.
• Need to be a Farmer to buy a plot
Anyone can buy a residential NA plot. You need not to be a farmer which is not a case for buying farming land.
• Home Loan from bank
Generally legally clear Residential NA plots has a bank approval. Generally developers get residential NA plots project approved for Home Lean by any two well known financial institutions. This gives maximum confidence that project is legally clear.
• Individual 7/12 Extract
All residential plots provide you individual 7/12 extract for area you bought. This gives clear documentation of ownership.
Cons
• Property has a high entry cost
Property is going to cost you lakhs of rupees just to get into the market. This high entry cost keeps a lot of investors out and makes it hard to begin investing if you don’t have a lot of money behind you.
• Risks
Even though investments in Plots are a simple and transparent process, there remains a risk of land being taken over by the government through compulsory acquisition. Land could involve buyers in lingering legal battles. Buyers need to check if there are any encroachments on the property.
• Tax
With home loans, a buyer can claim tax benefits with respect to interest payment as well as principal repayment. No such provision is available for interest paid on money borrowed for investing in land.
Our team of expert will assist you in purchasing NA Plots near Pune. For more detail inquiry you can contact us through our website www.growscapes.co
However you should be aware of all the pros and cons of investing in land.
Pros:
• Limited Supply
The supply of land is limited and the possibility of creating more is not so easy. Due to its limited supply and the ever increasing need, the demand for land has only been going up.
• Residential use
One of the biggest benefits of buying Residential NA land is that it can be customized for any use in the future. You can use it to construct a house or you can sell it later on for construction purposes or when you get a right price for it.
• Higher resale value
Because of limited supply of land prices have been increasing. Suppose you buy a piece of land; after sometime its price may increase and it will fetch you a higher price if you try to sell it.
• Less maintenance
Cost of maintaining a plot is normally less than a constructed property. One need not worry about repairs of leakages or any other physical damage.
• Need to be a Farmer to buy a plot
Anyone can buy a residential NA plot. You need not to be a farmer which is not a case for buying farming land.
• Home Loan from bank
Generally legally clear Residential NA plots has a bank approval. Generally developers get residential NA plots project approved for Home Lean by any two well known financial institutions. This gives maximum confidence that project is legally clear.
• Individual 7/12 Extract
All residential plots provide you individual 7/12 extract for area you bought. This gives clear documentation of ownership.
Cons
• Property has a high entry cost
Property is going to cost you lakhs of rupees just to get into the market. This high entry cost keeps a lot of investors out and makes it hard to begin investing if you don’t have a lot of money behind you.
• Risks
Even though investments in Plots are a simple and transparent process, there remains a risk of land being taken over by the government through compulsory acquisition. Land could involve buyers in lingering legal battles. Buyers need to check if there are any encroachments on the property.
• Tax
With home loans, a buyer can claim tax benefits with respect to interest payment as well as principal repayment. No such provision is available for interest paid on money borrowed for investing in land.
Our team of expert will assist you in purchasing NA Plots near Pune. For more detail inquiry you can contact us through our website www.growscapes.co
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