As people start building their earning capacity, the next question that comes into their minds is how to grow their financial gains. Discovering promising investment opportunities is a cornerstone for building wealth. Investing in plots in Chennai is a wonderful means of growing and protecting your wealth. Apart from the financial benefit of real estate, there are several other compelling reasons why residential plot investment will be beneficial for you.

1. Advantages of Investing in Residential Plots.
As people start building their earning capacity, the next question that comes
into their minds is how to grow their financial gains. Discovering promising
investment opportunities is a cornerstone for building wealth.
Investing in plots in Chennai is a wonderful means of growing and protecting
your wealth. Apart from the financial benefit of real estate, there are several
other compelling reasons why residential plot investment will be beneficial for
you.
1. Appreciative asset: Purchasing residential plots is highly beneficial
when it comes to its appreciating value of the land. If you invest your money in
purchasing a plot today, you will be able to receive a bigger payoff for the
same land 5 years down the land. Land is an appreciating asset and always
has a higher value with time. The surrounding environment, land quality, and
other factors such as upcoming facilities in the region all impact the value of
the land.
2. Buy based on your budget: Investment does not always have to be
above your financial means. You can purchase an affordable plot in an up and
coming area and sit back and relax as the prices trend upward over the years!
3. Easy access to information: Residential plots are one of the most
commonly listed properties in the market. As urbanization increased in
metropolitan and Tier 2 and 3 cities, the demand for housing and residential
plots has sky rocketed. With minimal research, you can easily find affordable
and attractive plots for investment.
4. Take the first step in building your dream house:People have a lot
of ideas for their homes, but those do not often coincide with the architect’s
vision. It’s difficult to put those concepts into action in a home. In a house
that’s already been constructed, it can be hard to bring any significant
changes other than small renovations. Investing in residential plots gives you
the bandwidth to construct the house of your dreams with ease. Instead of
buying a built house, take your time to customise it based on your needs.
5. Immediate investment: If you are looking to buy a house, you might
have to wait for the completion of the construction or the completion of your
interiors. In case of land investments, it’s immediate and needs no waiting.
You simply purchase the land. In today’s fast moving world, these kind of non-
complicated investments are important to balance out the multiple options in
financial investments.
6. Low maintenance: Unlike a house, residential plots are easy to
maintain pieces of land that needs minimum upkeep. Bi-annual site visits and
maintenance is enough to keep the land in good condition.
7. Low property tax: Property tax is something that every individual, in
possession of a plot or house, has to account for. But there is a significant
difference between the amount that must be paid for a house and what is to

2. be paid for land.The latter has a lower cost to pay than the former. Investing in
residential plots not only saves you on property taxes, its appreciating value
also pays off in the longer run.
8. Less competition: Unlike a house that is on the market, a residential
plot does not face competition to keep its price attractive for potential buyers.
The owner has the ability to set a price and negotiate with individual
prospects, based on their buying interest and purchase power. This makes it
highly advantageous as an investment.
9. Resources are limited: As land is a finite resources, the upward
demand trend for residential plots have pushed market prices to the higher
side. As demand continues to sky-rocket, the future prices of lands look
promising. A good example of such an issue can be seen in the ECR. Those
who invested in residential plots in the area 20 years ago now own a goldmine
of real estate as software companies and land development projects have
elevated the status symbol of owning a house in the ECR. Similarly, houses
along the GST road have a potential to reach record prices in the coming
years.
10. Transparency in purchase: The transaction when it comes to
purchasing and sale of residential lands is a very transparent process. The
market values, prices and commercial value of the plots are visible and can
be sought after any time the buyer prefers. This is not the case for other real
estate investments, which often come together with additional charges in the
mark-up.
Investing in residential properties can yield countless benefits for you down
the line. In the era of higher standard of living and inflation, placing a safe bet
on your investments is a good strategy to adopt. Residential plots in Chennai
are gaining popularity due to their promising yields. If you are looking to make
a bankable investment in real estate, check out Wisdom Properties.