Plot Or Apartment - Which One Should You Invest In? In PICS

The decision to invest in a plot or buy an apartment hinges on many variables and making a well informed choice needs careful evaluation of individual preferences and financial goals

Potential real estate buyers should take into consideration several factors like capital appreciation potential, freedom to customise, workload against immediate rental income, security amenities, and loan convenience

While purchasing a plot includes extensive work, like hiring engineers, architects, etc, an apartment needs minimal construction work with the only focus on interior and needed changes. Getty

When it comes to an appreciating asset, plots are preferred for their limited supply and value durability over apartments, which often tend to depreciate. Getty

A plot allows an individual or family to design and modify as per their needs and wants, however, an apartment limits this freedom, with changes restricted to the internal area. Getty

An apartment is much easier to buy with a loan with lower interest rates, while plots involve more paperwork and difficult loans with shorter repayment windows. Getty

Getting rental income from an apartment is much easier and quicker than generating the same from a plot as it needs time for construction before it can give returns. Getty

An apartment possession can be a risky affair as it can be delayed for months or years, while a plot allows an individual to seek immediate possession. Getty

A plot itself doesn’t have any tax reliefs till you construct a home on it, while an apartment provides tax breaks on loans. Getty

Be it an apartment or a plot, buying either requires investors to do their due diligence to avoid any ownership issues or future disputes. Getty