Residential NA Plots In Talegaon: A Value-For-Money Proposition

There was a time, when people preferred living in self-constructed homes. Gradually, as property prices increased, people were left with no choice but to live in flats/apartments. Now, due to the COVID-19 pandemic, people have once again started showing interest in owning non-agricultural plots for constructing their houses.

However, if you live in Mumbai or Pune, there is hardly any space left, where you can build your own house. Even if there are a few plots available, it is unlikely to fit into one’s budget. That is where Talegaon comes into the picture.

Talegaon offers great opportunities for owning residential plots, especially if you live in Mumbai or Pune and are looking for real estate investment and attractive rental income. Buying an NA plot in Talegaon or Kamshet near Talegaon, Pune can offer a value-for-money deal in many ways. Let us find out how.

Beat the inflation

With population growth, the demand for land is expected to grow at a fast pace. So, if you are looking at the long-term prospect and want to beat inflation, then, buying a plot could be a great idea.

Start your investment in NA plots with a small amount

"There are large land banks available in Kamshet, Talegaon and Pune. The prices have not yet escalated out of reach. A few developers have started selling plots at attractive prices. If you do not plan to construct your home and do not want to shift into the home immediately, you can invest in a plot and make a decision, in the future. A plot in Talegaon may cost you much lower than buying an apartment in Pune or Mumbai. You will own the land and you can later construct the home as per your preferences,” says Raj Shah, director, Namrata Group.

High return on investment and better liquidity

Non-agricultural (NA) residential plots are always in high demand, because the buyer gets the freedom to use it the way they want to. Therefore, it also offers higher liquidity. The plot owner gets the freedom of building multiple floors, the liberty to experiment with the design of their choice and make alterations in the future. Flexibility, liquidity and high demand, make plots highly attractive and result in high return on investment (ROI) for the investors.

See also: Great opportunity for buyers in Talegaon’s residential, non-agricultural plots

No hidden charges or construction quality concerns

There are several cases where developers have duped home buyers by charging extra money. In many cases, after a few years of purchase, the apartment buyers came to know that the construction quality was inferior. If you buy a plot, you do not need to worry about paying hidden charges or bother about inferior construction quality.

You can get a loan for buying a plot

Like a home loan, you can get a plot loan from banks at attractive interest rates. However, unlike a home loan, it does not offer any tax benefit on interest or EMI payment. Usually, banks require a margin of around 40% of the plot value and a repayment tenure of up to 15 years for a plot loan. So, if you want to buy a plot for constructing your own home or as an investment, you can get funds through a plot loan.

Check out plots for sale in Talegaon

Things to keep in mind before buying an NA plot in Talegaon

While plots offer an excellent value-for-money proposition, you need to be aware of a few important points, before investing money in it.

• Check the land papers and title deed with extra care.
• Perform a background check on the seller.
• Avoid buying a plot where basic infrastructure is missing.
• Get the plot’s papers checked through a legal expert.
• Check the necessary approvals from the local authorities.

Although the aforesaid factors are crucial, before considering an investment in plots, many reliable top real estate builders in Pune have ensured a seamless buying or investing experience for their customers, by taking into consideration the aforesaid pointers.