Which is better option plot or flat?

A plot has high flexibility as it has the option of building as per requirements, while modification and expansion are limited in case of a flat. 3. Rental income: Plots generate very low income and have a higher risk of litigation, while with the flats generate higher rentals.

What is better to buy flat or house?

A house may be better for end-users but will involve higher capital expenditure and will also offer greater returns. A flat offers limited customisation options but has a lower cost of acquisition and maintenance also and is easier to liquidate.

Which is best place to buy flat in Mumbai?

Top 5 Locations to Invest in Residential Real Estate in Mumbai

• South Mumbai. South Mumbai is one of the most expensive living pockets of the city.
• Lower Parel. Lower Parel is the corporate hub where many businesses have their company offices as well as headquarters.
• Bandra.
• Worli.
• Juhu.

Is it wise to buy a plot of land?

Experts recommend raw land investing and buying land for future development, such as housing or building. No maintenance is required, and you can sell your land at a higher price in the future. Thus, we can say land investments give peace of mind and are worth every penny!

Is it better to buy a plot or a flat?

If your choice of plot is part of a township, you are likely to get possession of the plot earlier than a flat. Experts say that plots appreciate faster than apartments. This is mainly because plots are less in supply in the market.

Can I raise finance to buy a plot of land?

A buyer can raise finance to buy a plot or land, but there are some conditions. “You can only get a loan for buying a residential plot if the land has been approved by the local authority.

Should you invest in a plots or apartments?

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 plots. There is no income from plots till the time you construct upon it.

Does age affect your investment in plots?

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. Also, during stable market conditions, the worth of a plot rises with time.