Where to Invest This New Year, a Plot or a House?

Bangalore: Owning a property is not an easy task. Although, buying a house is like a lifestyle boost, the decision to buy an apartment or a plot also depends on certain aspects like taxation, loans approvals and so on. Saving money to buy property is a big thing but you need to think all the possible ways before making a final call, reports Pritam P Hans of Business Today.

Plot or apartment?

When buying a plot to build a house, you need to consider certain things, like hiring an architect, getting various approvals from local bodies and also dealing with contractors. But if you are buying a ready property like an apartment then all such aforementioned things are taken care of by developers. Besides, in case of apartment, you do not have to think about other facilities like property maintenance, power backup and you can also access to gym, swimming pool, children play area and so on, which developers generally include as a basic amenities for apartment complex.

Alternatively, if you are buying a plot or land, you cannot enjoy the comfort of staying in apartment. But there are advantages to buy a plot as well because plots are always ready for possession.