Over time, ‘Plot developments’ have been increasingly popular, and they’re now a popular form of property in India. But what are they? To sum it up, these developments are tracts of land that are up for sale, where people can build houses, villas, and other housing options.
Lately, there has been a trend for developers to create all sorts of plots for developments within gated communities, and suburban areas. A prime example of this can be seen in Bangalore where there is an increase in demand for planned developments. The key suburbs for this are Whitefield, Sarjapur, and others.
Investors are more likely to turn to these developments because of the many benefits associated with them. Here are some of the benefits of this sort of property.
Less investment
People are eager to buy a second home; this could be for vacations, retirement, or for a profit when it is sold again. Development sites for sale are often cheaper than the price of an already-finished home. That’s because the pricing on these sites and developments is cheaper, and they’re located on the outskirts, where land is available for sale at lower rates. Apartments and residential homes in the city can be priced fairly high, given that they’re not spacious. There are lower costs to upkeep the home once it’s constructed, and it is less likely to have to renovate sooner, as you have already taken into account your taste and design preferences.
High returns
These types of investments tend to pay higher dividends, more quickly, as properties continue to rise in value over time. Furthermore, this plotted development generates high returns because they are usually located in suburban areas that keep adding new families to the population, increasing the land value by time. Not only this, but the developed property is usually high-end luxury residences and most of them are situated in gated communities that provide plenty of services. It also helps increase the property’s sale value. Some people choose to rent it out as a vacation home or villa, which brings in a lucrative and steady income on a regular basis.
Design and innovation
Having your new home designed exactly how you want is one of the perks of plotted developments. There are no restrictions whatsoever. With the ability to build as many rooms as you like, such as a large kitchen, a home office, and others, you are also able to choose the interior design styles that you like, such as a marble finish, vintage accents, or chic, contemporary decor. With future house designs including more questions of space, storage, and utility in the pandemic, designing your home with informed intent is entirely possible.
Limited risks
Since you are in charge of the design, development, and construction of such a big project, there are fewer risks involved in executing it. It is less likely that you will incur costs that exceed your budget, and you will not experience delays either. Even if you are constructing a vacation rental or investment home, you will do research to know what trends are enduring, which will ensure you maximize profits through tapping into people’s interests. This may even include the area where the plotted development project is located.
Amenities galore
Luxury amenities are plentiful within these neighborhoods with the ability to enjoy amenities like swimming pools, clubhouses, gardens, jogging tracks, and other popular activities outdoors. Additionally, there are plenty of sporting facilities, like tennis and badminton courts and even game rooms with table tennis and carrom. There are a lot of attractive features such as convenience since one can indulge in recreational activities without straying too far from home or without paying a hefty fee.
Community living
Residents live in a community that promotes a sense of togetherness and works to improve their quality of life. As planned developments are centered around similar communities, they also provide a sense of belonging and social well-being. It is especially true for elderly people and children to live in a familiar society, as there is a greater sense of support, safety, and security.
Prestige Group is the best-planned project in Bangalore. Among the features of this plotted development project are a luxury golf course, a clubhouse, a restaurant, and more. In addition, the project is well-connected to the main city and is close to urban conveniences.
