Hindustan Times-Bengaluru real estate: Here's what you should know if you are planning to buy a residential plot in the IT city
Rajesh Joshi works in the hospitality sector and has been looking to purchase a residential plot in Bengaluru. He has found several plotted development projects in north Bengaluru spread across 1350 sq ft for about ₹50 lakh. He plans to invest in a plot to use it as a retirement home after 15 years or sell it if he gets a good return on his investment.
Plots have become an attractive investment option for buyers due to the asset class's healthy returns over the last few years. In some parts of Bengaluru, like the north and east, “we have seen plotted developments appreciating more than apartments and villas," Sunil Singh, director of Realty Corps, said.
