Plot of land

Real Estate is one of the safest investments. ones can think of considering the future. last few years there is a huge growth in the real estate sector. there are a lot of benefits in investing in a plot of land

real estate is one of the sectors where you can get assured returns in the future. this is also one of the reasons that people investing in real estate is rising high in the last few years. if you are considering real estate as an investment it is always better to go with plots rather than apartments. buying a plot in metro cities will cost you high. but at the same time, you can have a better return on investments. when you are buying an apartment you are restricted to architect vision. but at the same time, you are building an individual house in your plot. you can design according to your wish. in the way you can build your dream house according to your wish. If you decided to buy a plot of land. then you need to fix your investment. it is always good to borrow only 30 to 40% of total investments as a loan. there are a lot of banks they may offer you a loan. based on your monthly salary or tax paid by you. your loan amount will be approved mostly you will eligible for up to 90% of total investments as a loan. but you need to think about whether you pay more for EMI then will you manage your daily expenses with your salary. it is always better to borrow less from the bank. there are a lot of advantages to buying a Plot of land over building a house. once you bought a piece of land. you don't need to pay anything apart from registration costs. but if you are building a house then you need to manage construction costs and much more. investing in the land has an edge over the house. because it depends on land development. before buying a land/plot you need to check whether the land has a good transport facility, water facility, schools, colleges, malls, departmental stores, hospitals are easily accessible. then it is better to place to invest. or try to locate the place which will grow fast in the future. in Bangalore, there are a lot of places which are growing faster. Bangalore is an IT hub often called as the silicon valley of India has attracted people from various places of India. Bengaluru is one of the best cities in terms of real estate investments in our country. In Bangalore there are few best locations to invest are Hebbal, Yelankha, Attibele, Electronic city, and Hosakote. these places are growing fast and have a high return on investment in the future.there is a huge difference between purchase and possession. when you are buying a house you may face possession. for example, your home is under construction. you need to wait until it is fully completed to take possession. depending upon a stage of the construction process will take time for final handover. it may take more than one year or even more. with a plot of land, there is no possibility of delay since the land doesn't require any construction. The buyer can take possession immediately. property tax is one major thing you need to pay irrespective of owning a house or plot of land. but taxes for land are comparatively low compared to houses. for instance in Bangalore, property taxes on houses can go up to Rs 5/ per sq ft. for tenanted houses where self-occupied it can go up to  Rs 2.50/ per sq ft. compare to these for open land taxes can be in the range of 0.12 sq ft and goes up to 0.50 per sq ft. this means you are not only saving money in initial purchase but also saving taxes you need to pay in the long run. one more major advantage of buying a plot of land is you don't need to pay any maintenance cost. but for houses whether you are living there or not you need to pay the maintenance cost. some of these charges are constant for i.e maintenance fees issued by the housing societies. sometimes they can be unplanned like plumbing issues, electrical problems, renovations, etc. with a plot of land there is virtually no maintenance required so buyers can buy land without these kinds of hesitations. one of the biggest advantages of investing in land is it is a finite resource. investing in a plot of land is one of the best options for individuals looking to gain high returns with minimal risk. so investing in land is a huge asset it is not only going to help you in the future but also wealth asset to your family.