Is a flat worth buying?

Buying a flat or a house is a significant investment, so naturally, you’ll want to ensure that you maximise your potential returns. On the other hand, they typically have a lower purchase price than houses and the costs of maintaining the building is shared, so there is potential for high cash returns and yields.

Is it good idea to buy flat?

Apartments/flats provide a huge number of amenities, privacy, and specifications to live exotically that don’t come with a house normally. Buying a flat becomes a good option as it offers a proper security facility, the one facility that is the considering factor for choosing a flat over a house.

Which is the best place to buy a plot in Chennai?

Gain a global economic perspective to help you make informed business decisions. Area surrounding Porur is the best place and happening place in entire Chennai. Many office are within 7/8 KMS radius. Good water level also. Areas like Madanpuram, Gerugabakkam are idle places to buy a plot.

Is it better to buy a plot or a flat?

This makes buying a flat a good proposition. While it may take some months or even years to get the possession of an apartment, plots are usually ready for possession. If your choice of plot is part of a township, you are likely to get possession of the plot earlier than a flat.

Should you invest in a plots or apartments?

If earning a regular rental income is on your mind, you must invest in a built-up flat. An apartment can be rented out to fetch you some income, whenever you want, which is not possible in the case of plots. There is no income from plots till the time you construct upon it.

What is the difference between a plot and an apartment?

In a plotted development, you are responsible for the construction and security of the built-up house, whereas, in an apartment, there is the benefit of security, location, and accessibility. So which one is a better option–plot or flat?