When you look at residential plots in Faridabad and compare them to premium flats in Faridabad, what kind of online advice do you usually see? Most advice ends at ‘location, location, location’, which is technically correct, but not particularly useful. The question should be ‘what should your next 10 years look like’? The answer usually points to one clear option.
At VNS Property, we hear from a multitude of buyers each week who come in with a self-imposed budget, only to leave with a totally readjusted outlook. This article is based on first-hand experience.
What is it About Faridabad That Attracts Serious Buyers?
Faridabad is land-locked by Delhi and also connects to the Mathura Road Corridor and the KMP Expressway. With ongoing infrastructure development, surrounding areas like Greater Faridabad and Prithla are also developing quickly.
The key point is that Faridabad now has both ends of the market: you can find open land to build on, or you can find an apartment in a gated society with a clubhouse and a host of other amenities.
Who are Plots Suited For?
Plots are for people who prefer to take charge and have control over something. When you have a plot of land, you can do what you want with it – build the kind of home you want. You’re completely in control over the design, the floor count, the materials, and the timeline.
Plots are also great to hold onto, because land is the only asset in real estate that doesn’t depreciate.
Here are examples from our current listings:
– 200 – 300 sq yards plots at Sector 6 Prithla by Advitya Plots at ₹37,500 per sq yards
– BPTP District-2, Sector 84, plots between 900 and 1620 sq. ft.
– Da Meera City, Sector 121, with Commercial and Residential Plots
Phases and positions of plots can change the rate of a project, so check the latest prices before finalizing your budget.
What do People do Wrong when Buying Plots?
The most common mistake is buying based on a brochure promise. Check if the land title is clear and if the colony is approved by the authorities.
Also make sure to enquire about the road width and the status of power and water connections.
Make sure to visit the site on weekdays to get a feel of the site and talk to the nearby residents.
Who Should be Buying Premium Flats in Faridabad?
People relocating from Delhi/Gurgaon, working families and those who don’t care about owning land and would rather have the amenities.
Our projects in this category include:
– SkyA Realtech, Sector 144, offering homes between 1,134 sq ft and 1,440 sq ft
– Prosper Epic Homes, Sector 89, offering 1,325 sq ft to 1,805 sq ft
– KLJ Platinum Heights, Sector 77, offering 2,3 and 4 BHK homes between 1,334 sq ft and 2,141 sq ft
– BPTP Discovery Park, Sector 80, offering 2 and 3 BHK homes between 1,195 sq ft and 1,696 sq ft
– Rise SkyBungalows, Sector 41, offering homes between 1.49 crores and 2.44 crores
What ‘Premium’ Really Means?
The word is used very loosely in the real estate industry. In our opinion, a flat is considered ‘premium’ if the builder has delivered projects, the layout is space optimized and the society is well maintained post possession.
One thing that is always helpful is to visit the site and ask which towers are completed. Maintained Societies are equally important, and you need to ask about that as well.
Comparing the Two?
You need to look at your personal situation and circumstances.
One thing we know is that plots reward patience. So, if you don’t need your home within a year or two, your best option would be to buy a plot. If you need your home within a year or two, a ready or nearly ready flat is a better option. A smart option for families is to buy a ready flat, so they can live in it while they plan for the future and buy a plot as well.
What Makes VNS Property Different?
We sell residential and commercial properties in Faridabad, Palwal, Noida and Gurgaon. Because we sell a range of properties, we help find what suits you and not just what we have in stock.
There is a detailed listing of plots in Faridabad and premium flats in Faridabad on our website. If you wish to visit the sites, kindly call us at +91 84482 27220. We take pride in answering 10 questions before sale, than 10 complaints after sale.
Frequently Asked Questions
Are plots in Faridabad a good investment right now?
Currently, plots in Faridabad are a good long term investment, in areas like Greater Faridabad, Prithla and Sector 114, especially if the required approvals for development are in place. The returns will also depend on the infrastructure developed and the holding period, therefore you should do a thorough title search before investing.
What defines a premium flat in Faridabad?
Larger layouts, a reputed builder, and better amenities become available as you move up the price segment. Maintenance post possession is key as well. Projects like Prosper Epic Homes, KLJ Platinum Heights and Skya Realtech fall in this segment.
Plot or Flat in Faridabad?
Plots give you freedom to construct the way you want. But if you want to live with all the peace of mind and hassle of managing the estate, construction, facilities and security, then flat is the way to go. For peace of mind, flat wins.
How do I check if a Flat/Plot Project is legitimate?
Check if the project is approved by the relevant authority, the title of the land, the builder’s past performance, and the payment plan. A trusted Property Consultant like VNS Property can check these for you.
