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Home > Forum > Chennai > Other > Apartment or plot

Apartment or plot

Q: I want to build a dream house for my future. Is it a better choice to buy an apartment or buy a plot in Chennai? Which one is affordable and give the best ROI in future?

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Replies (2)
1
Hello Rajii,
Depends on the purpose of purchasing the property. For investment purpose, a plot can be profitable in the future, but it will not bring in any rental returns till the time it is released and sold. But an apartment could bring in rental returns till you want to resale. So take these into account before buying it.
Anil Kumar


2
Hello,
It depends on many things for example if you already have a place of your own to live then you can buy a plot but make sure you have all the relevant documents which can be very easily faked by seller so making sure what you are buying is important. But if you live in rented house then there is no point in buying a plot as you will be spending money on rent and plot together but if you buy a flat you will skipping rent and spending that money on flat.
Sreenath


Well, me to agree with Sreenath. I would suggest, a plot is always better to buy than a flat. Because Chennai is a metro city and what happens in a metro city the facilities become limited. In a plot you can do what all you like. If you buy a flat you may not get very high return. But plots always offer very high returns. So in terms of a future asset also, plot is a very good option to buy.
Devendra,  Chennai
12th November 2018


3

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