Property investment is no doubt an exciting milestone for all buyers. With the city experiencing noteworthy growth and demand for real estate properties, plot developers in Chennai will leave no stone unturned to explore and present the most appealing choices for investors or those searching for apartments or plots for sale in Chennai. Now, the onus to make the right choice lies with the buyers who need to consider the pros and cons of both the properties before arriving at the most profitable option. Let us explore in this blog the merits of choosing plots for sale in Chennai and the commendable property choices and services offered by one of the top plot developers in Chennai, Elephantine Enterprises.
Benefits of buying plots in Chennai.
Strategic location:
The city’s ideal location offers unparalleled advantages and choices for the plot buyers. A bustling coastal hub, with inter and intra-state connectivity with an extensive network of roads and railway lines, and an international airport for seamless domestic and global travels, add to the allure. The main highways and expanding metro rail system ensure quick and hassle-free commutation across the regions.
Scope for high-value appreciation:
Chennai has been witnessing a remarkable track record of property value appreciation, with high land prices facilitating the city’s sustained economic growth. Over the past decade, plots in Chennai have experienced infrastructure growth, stellar development in IT and industrial revenue, and increasing demand for plots for sale in Chennai & nearby areas.
The tech parks along Old Mahabalipuram Road (OMR) have attracted MNCs, boosting property prices and rental demand. Ongoing infrastructure projects like metro line expansions, new flyovers, and roads will boost connectivity across the city. Government policies and initiatives will also contribute to industrial growth and more foreign direct investment solidifying Chennai’s status as a key economic hub.
Customisation choices.
When you buy plots in Chennai, you are granted unparalleled customisation options and flexibility in designing a home or commercial space that will reflect your creativity and vision.
You do not have to choose from predefined structures and layouts, rather build a home or workspace that aligns with your lifestyle and is personalised to your aesthetic preferences. Also, as a plot owner, you can choose from one of the top plot developers in Chennai, managed by highly qualified professionals, who carry out the designing and construction within the timeline and your budget.
RELATED: Learn about the hot-selling plots in SSM Nagar, Perungalathur.
Investment Diversification
Investing in plots in Chennai will diversify your portfolio, by granting a tangible asset to balance the risks associated with financial instruments like stocks and mutual funds. Land ownership gives you stability because the value of the plot is less volatile than other investment options. While fluctuations in the market can greatly influence stocks, plots in Chennai’s prime locations maintain consistent value and appreciation steadily, over time. Plots in Chennai are less susceptible to uncertainties that affect the other investment classes because the former provides a hedge against economic slumps and inflation.
Tax benefits.
When you buy plots in Chennai, your overall tax burden is reduced because plot owners are eligible for deductions on property taxes. It is the most cost-effective property investment to hold and maintain over time. If you seek a loan for the plot purchase you can also deduct the interest from your taxable income which will give you substantial savings. More tax relief is available for plot investments in special development zones or those under government policies, encouraging real estate investment. Additional deductions are also eligible if it is a commercial plot or can generate rental income.
Ownership and Control
When you buy plots in Chennai, you get to enjoy complete ownership and control over your property, which will grant a unique level of autonomy that other real estate investments do not offer. As the only owner of the plot, you have complete liberty to decide how you wish to design, use, or develop the plot.
This ownership also offers flexibility to make enhancements or alterations to the plot at your discretion. Want to add fencing, landscaping, or innovative architectural features? You can tailor these changes to perfectly align with your vision, without the confinements often laid by the apartment homeowner associations or established building layouts.
Elephantine Enterprises with over 12 years of experience in designing, building, promoting, and aggregating plots in Chennai is renowned for its sustainable and modern living styles. Few of their notable projects are located in the most happening spots in Chennai and embedded with a plethora of eco-friendly amenities
Easton Enclave in the expansive 85-acre SSM Nagar township is a 3-acre secured community of residential plots in Perungalathur. With the key landmarks located within 3km, this property offers the best connectivity.
Haven, one of the ongoing premium projects offers you respite from cramped apartments. Located between Avadi and Ambattur, this secured community is the best blend of modern living and nature’s ecstasy.
To know more about the unique features and projects, visit Elephantine Enterprises.
