Are you tired of the same old investment options? Do you want to try something new that promises higher returns? Then it’s time to stop investing in apartments for the second time and start investing in NA plots.
A real estate investment is a great way to secure your financial future, but with so many options available, knowing where to put your money can be challenging, especially in a city like Pune. Many people tend to opt for apartments as their first choice. But if you evaluate it deeply, you’ll find that plot investment is one of the most profitable investment options in Pune, which will provide long-term financial security.
And in this article, we’ll discuss why you should consider investing in a NA plot instead of a second apartment.
What is a NA Plot?
A NA plot is a piece of land known as ‘non-agricultural’ land, which means it can be used for residential or commercial purposes but not for agricultural activities. NA plots are highly desirable due to their versatility and potential for growth.
Why investing in NA Plots in Pune is a better choice than Second Apartments:
Investing in a NA plots in Pune can be a wise and profitable decision for those looking to invest in Pune, a city recognised as the “Oxford of the East” because of its numerous educational institutions. It has seen steady growth in terms of real estate development. Besides its beautiful landscape, the city offers a lot in terms of lifestyle, culture, and job opportunities, making it an attractive destination for locals and non-resident Indians (NRIs).
One of the major advantages of investing in NA plots is the sense of ownership and control it offers. When you invest in a piece of land, you own a part of the earth and all of the resources that come with it. That means you have the freedom to do with it, whether a beautiful villa, a commercial complex or even rent it out, which eventually gives you more options for generating income from your investment.
No wonder investing in NA plots is the potential for appreciation. Over the years, land value has increased significantly, making it a profitable investment. With the city’s continued growth, the demand for land is expected to increase, leading to even higher appreciation.
NA plots typically appreciate over time, providing you with a long-term investment return, making it an excellent option for those looking to build wealth and secure their financial future.
Another important aspect of investing in NA plots is their flexibility. Unlike apartments, where you are limited to the space and layout of the unit, investing in a plot of land allows you to create a space that is tailored to your specific needs and preferences. You have the potential to build a larger, more spacious structure. This gives you more room to grow and build whatever you want and whenever you want. That means you can design and build a perfect home for you and your family rather than settling for something that may or may not meet your needs.
Furthermore, investing in NA plots in Pune is a better option for NRIs looking to invest in the city. In Pune, NRIs can purchase NA villa plots, which are specially designed to meet their needs. These plots offer a range of benefits, including easy documentation, hassle-free registration, and a dedicated customer support team to assist with any queries or concerns.
Lastly, NA plots are typically located in areas with a high growth potential, allowing you to participate in that growth and potentially increase your returns.
Why Second apartments are no longer a good investment opportunity:
The real estate market is rapidly growing, and second apartments are no longer reliable investments. The rise in property prices, maintenance costs, and the high level of competition for rental properties have made second apartments a risky investment option. Additionally, second apartments often come with hidden costs, such as property taxes, insurance, and maintenance fees, which can significantly reduce your return on investment.
No wonder NA plots are an excellent investment option for those seeking a versatile, flexible, and potentially profitable investment due to their lower cost, greater space, and growth potential. If you’re looking for NA Villa plots in Pune, you can check out 46 Banyan Tree. Besides having more than 20+ amenities, the scheme is located near major IT hubs and city centres. Check out more about 46 Banyan Tree.
Here are the topics you might be interested in:
2023 is the Best Time to Invest in NA Villa Plots in Pune
Things to check before buying a Villa plot in Pune
Q. What are the documents to check before buying a plot?
A. Before buying a plot, the buyer should check documents like the Title Deed, Encumbrance certificate, Release certificate, Receipt of Tax, FSI of the plot, Approvals, and NA orders.
Q. What features and amenities to consider before buying a plot?
A. If a buyer is considering purchasing a plot, they need to check its location, size, utilities, neighbourhood, and long-term potential.