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This is a dilemma that most second homebuyers face when they start looking for potential sources of investment.
To add to this confusion, you are bombarded with advice from well-meaning friends and family suggesting that you purchase a flat in that fancy apartments in electronic city or a plot in South Bangalore.
You need to be financially sound when it comes to purchasing a plot.
It is not an easy process and to add to the woes, the tax benefits are available only after the construction is completed on the plot.RiskGone are the days when you would hear tales of projects being delayed resulting in loss to the residents, thanks to the recently introduced RERA Act.
One of the primary purposes of this act is to prevent delays on the builder’s part and help resolve issues.
In the case of buying a plot, there is the risk of litigation that is usually difficult to resolve.Rental IncomeApartments in electronic city Bangalore or anywhere for that matter generate a good income from the day of possession and have lesser chances of litigation due to the existing laws.