Firstly, buying an independent land gives you sovereign choice to build a house depending on your own taste,
Firstly, buying an independent land gives you sovereign choice to build a house depending on your own taste, requirements and constraints. On the other hand, an apartment is a redesigned, multi-floored construction and you do not have the freedom to change the shape and size of the construction area or the layouts. The value appreciation of land is higher as land spaces are very limited especially in metropolitan cities like Delhi/NCR where there are very limited lands available and the ones available are vanishing quickly due to rapid developments. In contrast, a flat has a limited life span as after a certain period there is stagnancy in growth. Also, the lack of flexibility for the usage of flats, their modification and expansion are some of the hindrances in the value growth of apartments. With land you have a number of options available. You can use it for commercial or residential or even institutional use as per your desire or requirement. Land is limited and the demands are high as land is the basic perquisite for any sort of development or any real estate project. Be it setting up of industries, building hospitals, and construction of roads or developing residential townships, land is always required. Thus, the value of land appreciates very quickly. But the value of apartment grows very diminishingly as it does not has many usages except for residing or renting. Purchase luxury apartments in Godrej Solitaire Noida NCR, Godrej Suites Noida and Godrej Nurture Noida where is available 2BHK and 3BHK.
However if there are advantages of buying a land, so are disadvantages. The advantage of buying an apartment is that you also get the related benefits such as swimming pool, health club, security, accessibility and location advantages that are generally offered by apartment complexes. For e.g. almost all the residential township and real estate projects in Noida offer recreational facilities and 3-tier security systems in their townships. However, buying a land does not offer you these privileges. Both the investments have some merits and demerits. Acquiring a loan for buying a land is limited as banks provide no assistance of loans for buying a land however getting a home loan to buy an apartment or a house is quite easy and feasible. Also if you want to generate regular incomes by renting your property then apartments provide better prospects compared to lands. Land generates very low income if rented and sometimes it gets really difficult to reoccupy it if tenant pushes the property into litigation. However, there are no or little litigations involved with rented apartments. No doubt a land has an advantage of assured returns, but it usually needs investment in full and there is no choice of taking leverage on the fund hence overall return is limited up to some level. Flats are very easy to buy and an investor can take leverage on its fund. Thus, both the investments come with their pros and cons though both of them have certain risks involved. Land is very prone to litigation and very difficult to come out. Delay in possession and unscrupulous methods used by builders such as compromise in the quality of the construction to bring down the cost are the major risks involved with apartments. Also, sometimes even after possession of flats the buyers face issues with the clearances obtained for building the property.
To conclude with, the best investment avenue for you between a land and flat depends upon your own requirements. If you want to use the property for personal use, then land could offer an advantage of usage flexibility and handsome value appreciation in long term and you can invest in a real estate project in Noida as per your choice or some other cosmopolitan region offering higher returns. But if you need quick housing options then flats are the best investments. Also, if the investor wants to resell the property after a short period then it is more profitable to take a position in flats. As an investor it is not required to hold the flat for a long term.