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Plots vs Residential Property What is the Best Choice in Kanpur

For those with limited funds, choosing a residential property in Kanpur can be a great opportunity for families. Flats can also be bought on EMIs. Plots too come with loans from banks but the terms and conditions are more relaxed with apartments.

The dream of every family across the globe is to buy a well-crafted home. Not only is it a symbol of pride, but it also becomes a place for future generations to flourish. This is what makes a residential project in Kanpur by Ritu Housing a great choice when it comes to modern homes. However, have you thought about what type of home is best for you and your loved ones?

There are two types of broad categories:

Apartments: These are made with a pre-fixed layout with multi-floored construction

Plots: This is raw land on which a home can be built right from the start

Understanding this difference is important since investing money to buy a property in Kanpur is a huge decision. Many families use their life savings to get their dream home. But this is only possible once you know exactly what you’re getting into.

So we have made a list of the differences between both to help you make the right choice.

Here’s all you need to know.

How to Choose Between Residential Flats or Plots in Kanpur

Customization

A home within a residential project in Kanpur offers limited freedom for customization. These already have a layout of their own – there is no freedom in terms of size and design. But unlike flats in Kanpur, plots allow you to build a home exactly how you want it. Your unique requirements and preferences can lead to your own structure/ layout. This means that your interiors can be designed as per the needs of your family.

Returns

Both forms of housing come with ample value. But according to experts, plots appreciate faster than flats in Kanpur. Of course, this will depend on factors such as location and surrounding facilities. But while apartments may age down the line, time will not affect an investment in a plot. This means that it may take regular maintenance and repairs to keep an apartment from depreciating in value.

Cost

For those with limited funds, choosing a residential property in Kanpur can be a great opportunity for families. Flats can also be bought on EMIs. Plots too come with loans from banks but the terms and conditions are more relaxed with apartments. At the same time, plot owners will need to buy land and then also pay for overheads and construction (workers, architects, designers and labour).

Privacy

Another reason to buy a home is to enjoy a life of privacy. A reputed residential project in Kanpur like Emerald Chamber is a great example since there are only 28 housing units inside. However, a plot ensures that you don’t need to share your space with others. For instance, Emerald Gulistan provides spacious plots that provide maximum privacy without compromising on community living.

Timeliness

Buying an apartment comes with one big risk – a delay in possession. Builders can promise a date but then extend it, which leads to issues (besides stress) such as funding problems and delay in approval. It can take a matter of months or years. But when you buy a property in Kanpur from a trusted builder like Ritu Housing, you don’t need to worry about issues such as these.

On the other hand, those who buy plots can control the pace of construction. This ensures lesser risks as generally, possession takes place on time and transfer of ownership is not a difficult process. For flats in Kanpur, the transfer of ownership can take months (or even years!).

Hence, both come with their own pros and cons.

But when you choose Ritu Housing, you get access to the best of both worlds.

If you wish to buy a residential property or plot in Kanpur, make a trusted choice to secure your future. Both types of homes come with essential facilities such as 24/7 power and water along with modern lifestyle facilities such as a basketball court, jogging track and kid’s play area.

Now it's up to you to make the best choice for your family!