Plotted For Prosperity: The Rise Of Plotted Developments In Bengaluru
July 15, 2019
“Buy land, they’re not making it anymore.” ~ Mark Twain
It’s in 2019. Lands and plots are ‘The’ real-estate investment mantras to follow. Plotted developments are emerging as a truly profitable business opportunity; for both the investor as well as the developer. With changing customer preferences, lifestyle and investment choices, the prospect of investing in a plot of land today are more profitable than it used to be.
Today, there are many plotted developments by several big, reputed property developers. Builders have elevated the concept of plotted developments by having a provision for world-class amenities that include swimming pool, posh clubhouses, ornate gardens, play areas, supermarkets, ATMs, amphitheaters and much more. A plotted development is an investment cash-cow, with its benefits being able to be reaped, sooner than later.
WHAT IS PLOTTED DEVELOPMENT?
In essence, a plotted development refers to a developed or developing piece of land that envelops a gated community or residential subdivision. People buy individual house plots inside the said gated community.
From a property builder’s point of view, plotted development can be seen as a project with quick turnaround time and profitability.
THE BENEFITS OF PLOTTED DEVELOPMENT:
“Don’t wait to buy land, buy land and wait.” ~ Will Rogers
Below are a few advantages of investing in plotted developments-
- In terms of completion, plotted projects have a quicker turnaround time when compared to apartments or villas.
- Investing in plotted development is relatively lower when compared to residential apartments and already-built projects.
- Owning a plotted development, especially that of a reputed developer, is less risky. There is no risk of unauthorized, illegal developments next to one’s plot owing to the strict association rules and established by-laws by the property builders.
- As a capital investment, plotted developments appreciate substantially faster than constructed properties. The value of land keeps appreciating.
- From the point of view of building one’s home, a plotted development is a much more flexible option as the owner can design his/her home as per their wish, without having to conform or adjust with pre-established design, structure, dimensions, and space of an apartment.
PLOTTED DEVELOPMENTS IN BENGALURU:
“Find out where the people are going and buy the land before they get there.” ~ William Penn Adair
Bengaluru still enjoys the privilege of being one of the most sought-after real estate destinations in India. Investments pour in not just from within the country, but also overseas. As Bengaluru opens up to different industries and eco-systems, there is a surge in the migratory population to the city, thus facilitating habitation and accommodation requirements from diverse sections of society.
There is a new emerging part of the city that’s probably progressing at the fastest rate of growth, development, and appreciation – North Bengaluru. In North Bengaluru, Devanahalli is becoming the fastest appreciating locality.
Devanahalli also boasts of plotted developments with good connectivity to highways and main roads. This ensures a steady capital appreciation of plots located in the vicinity.
PLOTTED DEVELOPMENTS BY SALARPURIA SATTVA:
There is an upcoming urban plotted development near Devanahalli from Salarpuria Sattva called Serene Life. It is located at BK Halli Road, Shettigere, 1.3 kms from NH7 before Airport Toll Plaza.
These residential plots in Bengaluru are spread across 32 acres with 400+ plots for development and are adorned with excellent landscapes, walkways, jogging tracks, and dedicated kid’s play areas and more.
Salarpuria Sattva also has another interesting project – their first and finest plotted development, located in Tavarekere, off Magadi Road. Salarpuria Sattva Pipal Tree is a luxury residential development featuring 550 plots spread across 37 acres. The project boasts of best-in-class amenities such as a clubhouse, a spacious lobby, gym, swimming pool and more.
ABOUT SALARPURIA SATTVA GROUP:
Salarpuria Sattva: Built on the bedrock of trust, innovation, and knowledge-leadership, the Salarpuria Sattva Group is one of India’s leading Property Development, Management, and Consulting organizations. Founded in 1986, the Group has set its footprints across India and is one of the most preferred brands in the country today.
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