Investment in Land or Property

     Investing money in a property is not an easy task. Not only does one need to find a safe avenue, but also think about what to buy–an apartment or a built-up house, or a plot. The decision depends on your needs, lifestyle preferences, and other aspects like taxation and bank loan.

     While investing in plots or land means building a house as per one's own requirements and approved layout, a flat is a multi-floored construction with no freedom to change the construction layout and size.

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     While buying a plot, one has to plan construction on an approved layout and hire an architect or a contractor to execute it. Apart from supervising the construction, arranging finances and dealing with local bodies and contractors. But, when you buy an apartment, the developer is in charge and gives possession upon the completion of the flat. One only has to worry about furnishing the house and not the actual construction.

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     Experts say that plots appreciate faster than apartments. This is mainly because plots are less in supply in the market. 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.

     Tax treatment for plots and flat is different. When you take a home loan to buy an apartment or a builder floor, the monthly loan repayment allows you to save tax.

     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.

More info: real estate property in Gurgaon.