Investing in real estate is considered a beneficial decision since long. If we take a look at the potential of high return on investments, the developed plots hold the key. Moreover, this popular form of investing is on the rise among the people. Dividing the sites into smaller residential and commercial plots and developing them with all amenities like roads and drainages is described as plotted development.
The customers of the real estate market are considering flexibility, community living, long-time economic stability and hence investing in plotted development. Moreover, these developed plots are budget- friendly. The demand for them is attributed to various factors.
Change of lifestyle
People’s lifestyle has undergone changes of late. Correspondingly, their preferences for choosing abodes have also changed. Many prefer to own large residential sites close to the Nature, but offering them privacy. Such plots can be found in peaceful areas well connected to the rest of the city. The only solution is to buy land and develop it into smaller plots. Sustainable living and greenery, community living aspects have been pushing up the demand for the plotted development.
High returns
As the population increases, the need for affordable, well-planned housing became significant. Moreover, developed plots offer low initial investment but high returns. Facilities like community centers, open gyms, meditation areas, and commercial plazas that are usually available in the high-rise residential projects are now available in the platted developments too. Because of the high returns factor and availability of amenities at par with high-rise structures, the demand for developed plots is increasing.
Customisation, flexibility
Besides these, the developed plots offer unique benefits like customization and flexibility. Unlike in apartments or condominiums, plotted development allows buyers to build their dream homes according to their preferences. It gives freedom to build the house of their choice. Tailoring a property to suit individual needs also increases its market value. Hence it becomes a profitable investment opportunity.
Investment portfolio diversification
Plotted developments provide an excellent opportunity to diversify one’s investment portfolio. They offer an opportunity to make good investment in real estate and serve as additional income channels. With the development of the surrounding areas, the value of the developed plots increases. If the owner of the developed plots adopts a wait and watch attitude for schools, hospitals or commercial shops to be developed in the locality, the value of the developed plots will go up and generate a significant income.
Limited supply, increasing scarcity of land
Land is a limited resource and its availability becomes more limited as urbanization increases. Planned development of the land overcomes the shortage by subdividing the existing land into smaller plots and making efficient use of the available space. Limited supply of land, growing population and urbanization trends are increasing the demand for platted development.
