Traditionally, only wealthy individuals invest in residential plots in Coimbatore. But as more the purchasing power of more people grows, more buyers are interested in plots. Some of them eventually use the plots to build their dream homes while others simply leave them empty to sell them later at higher prices.
Whatever your motivations are, the truth remains the same: Residential plots in Coimbatore will continue to be popular investments because of the following:
- (Very) high appreciation rate
According to experts, land in general is the only asset that has appreciated unceasingly in the last two decades. In fact, plots is high-growth areas have increased in value by over 800%. This is one of the strongest factors that drive property investors to buy residential plots in Coimbatore. And now that the city’s economy is growing and more homebuyers are moving in, the values of residential properties here are expected to rise in the coming years. The best time to buy a plot is now.
- Easier and more affordable to purchase
The process of buying residential plots in Coimbatore is definitely easier than buying a home. You won’t have to worry about too many details; perhaps the only thing you must be concerned about is the location. Also, the cost of plots is significantly lower than the cost of brand-new homes since they don’t come with structures and you don’t need to pay for the builder’s labour and materials. Lastly, property tax and maintenance costs are also lower.
- High demand, low supply
The best thing about plots is that they are always high in demand but there is limited supply. This is one reason why they are sure to appreciate over time. Unlike stocks and shares, a plot’s appreciation rate is predictable. Future profitability is almost always guaranteed.