The recent pandemic has made plots extremely popular among homebuyers. There is no match for the luxury that plotted developments provide. And since land is a luxury, the demand for plotted developments is on the rise. Here are some reasons for this trend among real estate buyers.
There is something ephemeral about land. Mark Twain once famously declared, “Buy land, they are not making it anymore.”
With the economy making a roundabout post the pandemic and various asset classes clamouring for investor mindshare, real estate asset seekers are in search of flexibility and freedom to build their dream homes and are looking to invest early into a time-tested, recession-proof asset class. With limited supply and ever-increasing consumer appetite, land has become a valuable and finite tangible resource.
And in the current real estate market, plotted developments are the most lucrative investment option. There are many reasons behind this change in trend. Investors and homebuyers alike have gained acceptance of planned developments due to a variety of reasons, including those listed below-
Personalised living and long-sighted vision
Curated land parcels from a renowned developer spur the economic growth of a region and act as a catalyst towards physical and social infrastructural developments. This, in turn, creates a self-sufficient ecosystem contributing to the future price appreciation potential. Moreover, young investors deeply value personalised experiences, which plotted developments offer in terms of design, layout, and structure.
In search of space and a time-tested asset class
With the rapid shift to remote or hybrid work models, young investors are on the lookout for larger living spaces that can accommodate both their personal and professional lives. Plotted projects offer open spaces and larger areas to live, work, and entertain in. A unique non depreciating time-tested asset class, with resilience against sharp market downturns as well as appreciation balanced against inflation, augurs well towards diversification of existing investment portfolios.
Plots within gated communities provide seamless access to diverse amenities like gyms, sports facilities, parks, and convenience stores. With no patience for long commutes, young home seekers are gravitating towards homes near the amenities they need, thereby enabling them to lead a better quality of life.
A great investment
The simplicity and stability that comes with owning the right piece of land purchased at the right price, coupled with the vision of a Grade A developer, gives rise to the concept of a pedigreed plotted land. An increasing number of early investors are turning consumers for this space, buoyed by the assurance and stability of Grade A developer credentials. Unwavering commitment to creating world-class quality developments, with timely updates, conveyance, and delivery schedules that create a holistic customer experience leading to an ongoing cyclical relationship of trust and repeat business.
Plotted projects offer young realty purchasers the opportunity to live closer to nature with many indoor and outdoor green spaces. And more home buyers today are customising their plots to include green practices like rainwater harvesting and solar power.
To sum up, plotted developments have become increasingly popular among young buyers due to their low capital investment, minimal risk, rapid delivery, better appreciation, liquidity and flexible design options. Hence, investing in a plot is a smart move now.