Four Reasons to Buy a Plot in Jaipur

While apartment culture is more prevalent in Indian cities, there are many benefits of choosing a plot over a ready-made house. First of all, buying a plot in a suburban locality is affordable, which means you need not avail a home loan. Apart from that, a plot is like a blank canvas on which you can build your dream home exactly the way you want. Read on here to know why you should buy a plot in Jaipur.

1. Faster price appreciation

The monetary value of a plot keeps on rising with time. Therefore, it guarantees high returns on investment. In Jaipur, the prices of plots rise upto 200% in a decade. This huge property appreciation is rarely witnessed in big cities because they have already reached the point of saturation. But as Jaipur is a fast-growing city, the plot’s prices are rising steadily.

2. No maintenance costs

When you buy a villa or a house, you need to spend on its maintenance and insurance. But maintaining a plot requires no additional expenditure. Plus, as it cannot be stolen or destroyed, you need not buy insurance for it. Moreover, the government imposed tax on a plot is quite low in comparison to buying a house.

3. Affordability

Houses, flats, and villas are costlier than plots. Therefore, it’s a good choice for youngsters who have lower savings. Many people buy a plot quite early in life and built their dream house once they have enough savings. In this way, they need not avail a home loan. 

4. Fledgling commercial market

Jaipur is the growing hub of IT/ITES companies. The growing IT industry in the city will shoot up the prices of plots in the city. This is because of the growing demand of properties due to the increased commercial activities in the city. 

Conclusion: – Plot investment in Jaipur is a suitable choice. It offers greater flexibility to design your dream home the way you want. While buying a house is affordable and easy to maintain, it offers high returns on investment.