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Well think about it this way, if you are looking for a property which is value for money, then you should look at invest
Q: Well think about it this way, if you are looking for a property which is value for money, then you should look at investing in plots. Nitesh groups has Nitesh Rio on offer on Kanakpura Road. Suggest you have a look.
Nitesh Rio is a good project, have not visited the site but one of my friend told me that the location is nice and it is worth buying. What is the current price going on and what about the approvals?
Currently the rate per sqft going on is Rs 5250. The price of the plot in this project ranges from Rs 1.26 crores to Rs 2.1 crores. The layout has been approved by BMICPA and all leading banks.
Investment in plots is better then apartment because difference in land prices is huge and chances of appreciation are higher in coming years. Flats need maintainence and structure's value depreciate with time. No such case with land. With respect to floor area ratio, demands for plots is moving up. The most important reason is barren land is decreasing and in future demand is going to rise