Planning to buy a plot? Go for an area likely to see economic activity

As people start moving in, the area will become habitable and capital values will also appreciate

With buyers perceiving standalone houses to be safer than apartments amid the pandemic, the demand for plots has risen, says a report from Anarock Property Consultants. The entry of leading developers into plotted developments has also provided a fillip.  

Low entry cost: A plot is a better option for entry-level buyers. “The money required for purchasing a plot is lower than for an apartment,” says Siva Krishnan, managing director, Chennai, JLL India. Those who want an independent house, but cannot afford it, buy a plot, say, on a city’s outskirts, where rates are lower so they can construct on it later.