Over time, planned projects have gained popularity and are currently a significant real estate trend in India. What are they, though? Simply defined, these projects are plots of land that are available for the purchase with the intention of developing them into homes, villas, and other types of housing.
Plotted projects are now being provided inside gated communities, particularly in suburbs with lots of room and acreage without sacrificing connection. The finest illustration of this is provided by projected development projects in Bangalore, which have experienced an increase in demand in locations like Whitefield, Sarjapur, and other significant localities. Due to the opportunity to buy plots at deep discounts, branded plots have been popular with investors and purchasers throughout the epidemic. The numerous advantages that investing in planned development projects gives are another reason why many individuals are doing so. A few of the benefits are shown here.
● Whether for retirement, holidays, or resale, there are a lot of purchasers in the market who are looking to purchase a second property. The cost of buying a finished home is higher than the cost of the development plots that are for sale. This is so because the selling price is lower in and of itself, and because the locations of these sites and projects are in outlying areas where land can be purchased for enticingly low rates. The city often has apartment buildings and houses for sale, although the costs are high given the little space. Once the house is built, maintenance expenses are also reduced, and because you previously customized it to your preferences and tastes, you are less inclined to modify it too soon.
● These initiatives provide higher profits more rapidly. This is so since purchasing real estate as an investment already qualifies as a long-term asset that will only continue to increase in value. Additionally, because planned developments are frequently found in suburban regions that populate over time and greatly raise the value of the property, they produce larger returns. Additionally, the majority of these projects are high-end luxury properties, many of which are located in gated communities with a variety of facilities.These characteristics also contribute to raising the sale price. Some people also decide to rent out the home or villa as a holiday rental, which helps to regularly generate a sizable and reliable income.
● You have the opportunity to build your new house whatever you want with a planned development. Given that there are no limits at all, this is a tremendous advantage. Build as many rooms as you like, along with a spacious kitchen, alcoves, a home office, and more. Additionally, you are free to select the interior design themes you have always desired, whether it be a marble finish, accent pieces, vintage furnishings, or a sleek, modern appearance. There are countless options. You may build your home with educated intent now that future house plans will further raise questions about space, storage, and usefulness in the context of the epidemic.
● Such a large undertaking frequently develops into a passion project when you are working on it. The risks associated with execution are smaller since you are in charge of design, building, and development. You won't have to deal with delays, and it is less likely that extra expenses will arise
that go above and beyond the budget you established. Even if you are building the home as a rental property or an investment property, you will have done the study to determine what trends are long-lasting, ensuring that you can maximize revenues by appealing to people's preferences. Even the location of the development project mapped may be included here.
● Many of the construction plots for sale are found inside large neighborhoods that provide a variety of opulent facilities including swimming pools, clubhouses, gardens, jogging paths, and more. With several sports facilities, including tennis and badminton courts and even smaller game rooms with table tennis and carrom, it is simpler to find activities to do outside as well. Convenience is provided by these appealing qualities since it is much easier to engage in leisure activities without traveling too far or spending too much money.
● Living in a community has many advantages because residents work together to promote a feeling of community and improve living conditions. Due to the fact that planned development projects are centered around these kinds of small, tight-knit communities, they also provide a sense of belonging and social wellbeing. This is especially true for households with young children and elderly members. Living in a community of people you know may also be incredibly reassuring and gratifying since you feel more supported, protected, and secure.
● One advantage of having land is that it sells more quickly than apartments do, that it can be monetized more quickly, that it can be sold more quickly than units can be built, and that it can provide strong cash flow.
● The opportunity to build huge residences at an affordable price or to keep the property as a plot and sell it later for a higher profit is a motivating element for purchasers.
● In Bangalore, plot sales are nothing new and have long been advertised as planned projects or layout developments. Today, well-known and structured developers join the market and provide opulent facilities like clubhouses, swimming pools, gyms, lawns, play areas, and many more, exactly like gated communities. These developments are offered as "branded plots" and come with these amenities.
Check out the Prestige Group's project, Prestige Marigold, if you're seeking for the best plotted development in Bangalore.
Located on Sarjapur Road in East Bangalore, Prestige Marigold is a cutting-edge residential premium plot development by Prestige Group that spans 50 acres and has around 396 plots. Prestige Marigold will be available for possession starting in June 2023. The project was announced in October 2021. A classy and opulent lifestyle is guaranteed by Marigold Plots, one of the most prominent planned developments in the city's northern areas.