3 reasons why people prefer plots over flats in Hubli-Dharwad!
The trend of buying residential plots in Hubli – Dharwad is on the rise. Nowadays, People prefer purchasing low price plots on the outskirts rather than owning a residential property. There are numerous factors that support this increased demand for affordable plots.
Here are the 3 reasons why people prefer plots over flats in Hubli-Dharwad!
- Lower Cost With several choices of affordable plots in Hubli-Dharwad to pick from, people are not enthusiastic about splurging extra on the pricier constructed residences. Maintenance of property is further an added financial burden that comes with a built property. Property tax is also cheaper when it comes to plots versus residential properties.
- Flexibility People are increasingly investing in residential plots in Hubli-Dharwad due to the flexible nature of plots. Individuals who are not still definite in their decision to settle down are seeking this as an investment possibility and hence, purchasing low price plots on the outskirts like Navanagar, Kusugal road, etc. This investment gives them freedom because plots can later be expanded, sold off for profit, or used for constructing a property.
- Profit Earning Since the market interest for residential plots in Hubli-Dharwad is progressing, placing money for residential plots in the twin-city is an assured method to enhance the property holdings. More and more people are viewing land as an asset and not using it for residential purposes only. These low-price plots near Navanagar or Keshwapur can prove to be a key asset in the coming years as the market is seemingly booming.
There are many affordable plots in Hubli-Dharwad which are selling in the market every day owing to the high demand. The need for land is something that is ever-increasing, and with the selling side being limited, this is indeed a real stake in putting your bet on investment in these properties.