Last Updated on April 12, 2022 by AlexJames
2500sq Feet Plot For Sale In Balianta Bhubaneswar. We are selling this 2,050 sq ft of land for immediate possession. This area is suitable for 3 BHK houses and 4 BHK houses. If you need extra space like a balcony, extra space, and a bigger hall. It is also possible here.
This is an open lot. BJB High School is 750 meters from the property and Pranath Autonomous College is 3 km away. This property is close to Khordha Town Hall. Near this place, there is a tourist attraction called Barunei Hill Top Tower as well as Maa Barunei Temple which is about 4.3 km away.
We sell lots of various sizes. This is completely up to you. What tile size do you need? So choose the size of the plot and build a nice house for your loved ones. Bhubaneswar is one of the stylish metropolises in Odisha. This is a veritably notorious megacity in India.
Difference between land and apartment
Investing resources in land or land involves assembling a house according to your requirements and a recognized design, Level is a multilevel development without the ability to change the shape and size of the construction.
In a constructed building, you are responsible for the construction and safety of the manufacturer, while in a residence you benefit from security, space, and access.
So which is better – land or apartments?
Experience
When purchasing a plot of land, the construction should be planned according to the approved plan and an architect or contractor should be assigned to carry out the construction. Apart from overseeing construction work, financial accounting, and working with local authorities and contractors, it also includes a lot of detailed work.
When buying an attic, however, the designer controls the implementation of the level and assigns ownership to it. The only focus should be on the style of the house, not the actual
Development.
In addition, the condominium has basic facilities such as backup electricity, water, maintenance, and security, as well as several additional facilities such as a clubhouse, swimming pool, etc.
If we assume that you decide to buy a plot of land and build a house on it, then you will have to do all the steps yourself. This makes the purchase at a decent recommendation level.
Delivery
However, it can take several months or even a long time before the attic becomes yours, and lots are usually put up for ownership. If we assume that your favorite lot is important to the community, you may be the owner of the lot before the level.
Return
Experts say that land is valued faster than apartments. The main reason is the small number of observation areas. Just like an attic, age doesn’t affect your interest in the soil. The ratings depend on location and proximity to major infrastructure projects. Also, under stable market conditions, land prices tend to increase over time.
If you are looking for a regular product, it makes sense to own a property like commercial, office, retail, etc. If you want to use it as a store of value, it depends on your approach. If you have a long-term perspective, it’s worth thinking about buying a plot of land, opting for a relatively small apartment in the short term, says Kalyan Chakraborty, managing director of Red Fort Capital.
The location, the surrounding infrastructure, and the quality of the environment increase the value of the apartment and land.
VAT
The tax treatment is different for properties and apartments. When you take out a home loan to buy an apartment or business floor, you can save costs by paying a monthly down payment.
In addition, you can earn from payments of up to 1.5 lakh rupees per fiscal year on the interest you have paid for the development. In the same way, recovery of Rs 1 lakh can be guaranteed while the cost of the head is reimbursed. For land, premium tax collection is allowed from the time of completion of construction,” said Kunj Kaushal, a chartered accountant based in Delhi.
Calculation
If the priority is to provide standard rental payments, you will need to invest resources at a more advanced level. Nowadays if you need it they can give you an attic to rent out for a nonsensical payout for the plot.
There is no payment for land unless you expand it…” Today’s market is end-user-driven. Thinkstock projects in development areas or in fenced communities approved by local authorities are a safe and profitable investment.
fund
Buyers can raise funds to buy a plot of land, but there are certain conditions.
You can only get a loan to buy residential land if the land has been approved by local authorities. We allow 80% Loan to Value (LTV) but in the case of land resale only 50% of LTV is allowed
