Buying Properties For Sale Or Purchasing A Plot? Take Your Pick!

  • Added:
    Apr 06, 2014
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Buying Properties For Sale Or Purchasing A Plot? Take Your Pick! Photo by Umov  Mehta

The demand for property in India has seen a substantial rise in the past decade. The rapid growth, development and urbanisation witnessed in metropolitan cities such as Mumbai, Delhi, Bangalore and Kolkata have contributed greatly to the overall economic growth and success of the country. Top builders and developers from across the nation are now showing great interest in introducing new commercial or residential projects in these cities and nearby areas. In order to attract maximum buyers and convert potential customers into loyal ones, these builders are now collaborating with top international corporations, MNCs and reputed interior designers to offer 5-star premium homes, that are not only well furnished, but also designed to perfection.

However, no matter how elusive or irresistible these projects may seem, it is always important to conduct thorough research before taking the final plunge. One can only build a trust factor with the builder and his elegant creation, if they get the opportunity to monitor the building or the structure, while it is being constructed from scratch. This is only possible when one is constructing his or her own home, unlike the opposite situation where one is planning to purchase a flat in a private building or residential complex. Even if you show considerable interest in monitoring the construction of the private building for the sake of your own safety and reliability, there is a high chance that you will be prevented by the appointed authorities and supervisors on site from doing so. The permission, if granted, may be restricted to a minimal number of days or specific time intervals. This situation is generally witnessed during the construction of properties in Mumbai and other metropolitan cities, and slowly yet steadily, erases the gleam from the minds of the buyer.

On the other hand, when one considers the decision to purchase a plot in his or her desired area, the level of security and reliability is very high. Moreover, one can also unleash his inner creativity and mould his desired home, as per his imagination and requirement. One can also obtain the essential documents and permissions from the concerned authorities and initiate the project accordingly. However, purchasing your dream plot and constructing your desired home, comes at a steep price. People purchasing property in India generally shy away from purchasing plots, as they are aware of the number of different permissions that have to be taken, and the prevalent laws in the country that prevent rapid construction of private residential projects. Thus, the project will take plenty of time, money and energy, before it sees daylight.

There's a major difference between buying ready-for-possession properties in Mumbai, Delhi or other metropolitan cities, and constructing them from the base. Both projects require large-scale investment in terms of time, money and energy, and also require constant surveillance for the sake of security. In a similar fashion, both offer different amounts of features, security, return on investment and comfort levels. However, at the end of the day, it is up to you, the final consumer, to choose wisely and make a decision that will impact your future and lifestyle, for years to come.

Author's Profile

Umove Mehta is an accomplished author and editor at one of the largest websites for India Property. His work is admired by the best property experts around.


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