Buying a plot or flat which investment gives better returns, Here's the exact truth
By Lokmat English Desk | Published: January 12, 2022 07:37 PM2022-01-12T19:37:30+5:302022-01-12T19:37:30+5:30
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According to Dhruv Agarwal, Group CEO, Housing.com, investing in residential flats is currently becoming more profitable. Because in the big cities, there is no land left. Lack of large lands in almost every major city
Proptech Platform Housing.com conducted research in eight major cities in the country. According to the data from this research, as per 2015, the price of plots in the city has increased by 7% every year. In comparison, the price of an apartment is only 2% per annum.
या शहरांमध्ये फ्लॅटची मागणी अधिक
In the eight major cities of the country (Delhi-NCR, Mumbai, Pune, Bangalore, Hyderabad, Chennai, Kolkata and Ahmedabad) people generally prefer to buy flats rather than plots. Security and other amenities are the main reasons behind the popularity of flats in these cities.
Facilities like power backup, car parking, club, gym, swimming pool and garden area are available in the apartment. The plot lacks such facilities.
According to a report by Housing.com, the demand for flats is higher in eight cities but the price of plots is higher. According to current trends, plots give you more returns than flats. According to the claim of research head Ankita Sood, P. in Gurugram.
Land prices in the city have risen by 13 to 21 per cent. In the last three years, apartment prices have risen by 2 to 6 per cent. Demand for this specialty has grown significantly as a result of recent corporate scandals and individual positive changes.
From 2018 to 2021, Hyderabad has seen the highest increase in plots at a compound annual growth rate of 21%. Shankarpalli and Patancheri, Tukkuguda, Maheshwaram and Shadnagar Hyderabad topped the list. Demand here in the year 2021
Looking at the Delhi-NCR market, the price of residential plots at Gurugram has increased by 15 per cent between 2018 and 2021. Along with Dwarka Expressway in Sector 99, Sector 108, Sector 95A in New Gurugram, Sector 70A