Plotted developments, apartments or villas? Pros and cons

by chartered housing Luxury Apartments

If you are planning to buy real estate, you must by now be considering various options. The destination is one of them. How about Bangalore, which is one of the leading real estate hubs in the country? You must approach one of the reputed real estate developers in Bangalore for options. However, you would again need to put your thinking caps on and decide what’s best for you. You could consider plots in Bangalore. Then there’s the option of apartments in Bangalore. Villas are another popular choice, and there are many villas in Bangalore offered by credible realty developers. Before that, consider the pros and cons of each of these options.

Apartments

Apartments in Bangalore are the most sought-after because most people are end-user buyers. Apartments offer security and amenities. Maintenance is also handled by an association or a developer, so individuals don’t have to struggle. If you are looking at buying a home so as to settle down or rent it out, an apartment is ideal. It is also easier to find a buyer for your apartment in case you want to resell it.

However, if you are someone who has specific preferences and ideas of how your nome should look like, you are better off investing in plots in Bangalore or villas and getting a home built that is ideally suited to your lifestyle.

In terms of price appreciation, the rate is higher for a plot than for an apartment. It is the price of your plot that goes up.

Plots

When you buy a plotted development from a reputed developer, you get the best of both worlds. If you merely buy a plot, you may not have access to amenities but when you invest in plotted developments offered by developers, you get most amenities that come with villas in Bangalore or apartment complexes. These include clubhouses, pools, joggers’ tracks, gardens, lawns etc. So, you get all the luxury of a villa or a premium apartment but you get to decide the design and construction of your home. Capital appreciation on plots is pretty good. You can invest in them if you are in no hurry to get a home built or you want to build a home with great attention to detail at your own pace. However, the costs involved in the construction and also time and energy are high. Buying an apartment may be a convenient and practical option for those who may not have the time or resources.

Villas

If you are looking to invest in a great lifestyle and not just a house, buying one of the villas may be an excellent option. They come with an array of amenities, security and privacy. Unlike apartments, they are not vertical homes that don’t have enough space around. Villas give you a lot of luxury and may be the best option for a great life. On the other hand, they may turn out to be more expensive than even some high-end apartments. However, if you have the resources, you should definitely opt for a villa.

Think carefully and invest in a home or piece of real estate that suits your lifestyle and scenario the best!