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Don't lose the plot while buying land: Hire a lawyer to verify legal title

Plots don't age, offer better RoI than apartments

real estate, farm house, housing, luxury, rich indians, property market

Loans for purchasing plots usually come at slightly higher interest rates than home loan rates.

Sanjay Kumar Singh
Since the onset of the pandemic, the demand for plots has risen across the country. Experts say plots are likely to offer better returns than apartments in the near future.

Demand-supply mismatch

The demand for independent houses, and consequently for plots, rose in the wake of the pandemic, as buyers felt the need for greater seclusion.

According to Anuj Puri, chairman, Anarock Group, “Covid-19 strengthened the demand for land as a long-term investment. The trend of investing in plots is evident in Bengaluru, Hyderabad, Chennai, and Gurugram.”

The demand for more space has also played a major part.

Says Vikas Wadhawan, group chief financial officer,

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First Published: Jun 22 2022 | 7:51 PM IST

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