Uploaded on Apr 25, 2022
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Plots In Raipur Chhattisgarh — Commercial VS Residential
Plots In Raipur
ChChomamtteircsiagl aVSr h
Residential
INTRODUCTION
• While investing in real estate, plots in Raipur are
definitely a safe bet.
• A plot is considered real immovable property. The real
estate market has always been booming.
• And in the current market environment, it is the
securest and most reliable form of investment.
• Residential and commercial plots are the two major
categories in the real estate sector.
Things to consider before buying
Commercial Plots
• Review the location of the plot.
• The growth potential of the land area.
• Infrastructure facilities and
neighborhood.
• Connectivity to major commercial
hubs.
• Availability of transportation nearby.
• Industries around the location of the
property.
Things to consider before buying
Residential Plots
• Check the location of the property.
• The space of the plot must be well utilized.
• Future value.
• Make sure the property has all the basic
amenities.
• Safety measures and a decent neighborhood.
• Transportation facilities.
Pros of Commercial Plots:-
• A well-located commercial property can
generate higher rental income than
virtually any other type of residential
property.
• Commercial plots in Raipur is usually
leased to a corporation, a bank, or a
chain of retail stores.
Cons of Commercial Plots:-
• The price of the commercial plots in
Raipur can be higher than comparable
residential units.
• It is common for commercial properties to
require more maintenance than
residential ones. They also need a
significant renovation.
Pros of Residential plots:-
• Residential properties are affordable
and can be purchased at a
reasonable price because of their
availability.
• There can be exponential growth in
the future for residential plots in
Raipur.
Cons of Residential plots:-
• The increasing rate of the property can
rise high over time. The insurance
premiums can also spike in the wake
of natural disasters.
• Having bad tenants can be a big
problem. You can wind up with tenants
who aren’t ideal enough.
Conclusion -
• As the city provides upcoming employment opportunities, the need for
residential plots in Raipur also increases and is now in huge
demand.
• Today the developed infrastructure of Raipur has led to growth in the
real estate business.
• The rapid development in the city has attracted many investors from
all over the country.
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