Plotted development is often misunderstood as merely dividing a large land area into singular plots without any planning. However, the same is not true. Plotted developments, or independent houses, garner significant attention, capturing the interest of prospective buyers as well as developers. In cities like Gurugram and its vicinity, including Sohna, plotted real estate development is becoming one of the most favoured, secured, and strategically sound investment options.
The pandemic effect
Investing in plotted development addresses two issues. Buyers have a chance to get early or almost immediate possession of their dream properties, and developers require minimal financial and temporal resources, especially as compared to the demands for constructing high-rise apartments. In a nutshell, plotted developments are low-on-investment expenditure but high on future returns. The resurgence in real estate demand following the Covid-19 pandemic has proved to be advantageous for plotted developments, as people have recognised the importance of owning an independent house, especially in the aftermath of multiple pandemic lockdowns.
Plotted development doesn’t imply an independent land/house in an open locality. While it is true that plotted development starts with subdividing a large land into smaller individual plots, it also involves meticulous infrastructure planning, including roads, utilities, and strict adherence to local zoning and land use regulations, which facilitates planned communities.
Plotted developments grant liberty to homebuyers
Plotted development appeal isn’t solely rooted in high land appreciation, but also in its adaptability for vertical expansion. Plotted developments grant buyers the liberty to design and shape their houses as per their desire. Further, plotted developments provide comprehensive recreational environments, featuring amenities, such as community centres, open gyms, meditation areas, parks, cricket grounds, plazas and other amenities found in high-rise residential complexes.
Promising high returns
Plotted developments resonate with many due to their low maintenance requirements, privacy, and heightened security. High-rise apartments, in contrast, come as pre-designed structures with limited scope for modification. Land, additionally, is perceived to yield high capital gains over time compared to build structures, especially when demand outstrips supply. As apartments age, their value tends to depreciate. Consequently, plotted real estate development has emerged as one of the most coveted and secured investment choices, characterised by its inherent promise of high returns.
It goes without saying that before making a choice, investors must consider all relevant aspects, including budget, connectivity, maintenance needs and market circumstances. In an era where real estate investment options are diverse, plotted development stands out as a reliable and rewarding choice, offering both security and flexibility in an ever-evolving market.
(The author is the managing director – JMS Group.)
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Pushpender Singh is the Managing Director of the JMS Group, and a first-generation entrepreneur from a family of farmers. He is widely known as a real estate stalwart who has made outstanding contributions to building and transforming JMS Group into a grand-scale real estate venture. He has received wide-scale recognition for fostering healthy strategic partnerships across government and non-government institutions. Singh supports several humanitarian initiatives striving to ameliorate people’s lives.
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