Buying a Plot in Guduvanchery to Build Your Home? What Makes it a Good Idea?

The Covid-19 pandemic had a significant impact on the preferences of homebuyers. With the growing popularity of the work-from-home situation, several families and young professionals are opting to build standalone homes. This has led to an increase in the demand for plots and plotted developments in large cities like Chennai, Pune, and Bengaluru. We can easily buy a spacious residential plot in Guduvanchery or some other flourishing neighborhood, build our dream home, and settle down there with our entire family. 

High Flexibility

Buying a plot of land would provide us with the flexibility to design and construct a house as per our space requirements and tastes. Moreover, even if we decide not to build a house down the line, we can always resell the plot. Buying a plot is a win-win situation, as the returns on land investment tend to be pretty high, especially if we buy DTCP approved plot in Guduvanchery or some other well-developed locality. 

Freedom of Customisation

Our home must reflect our personality and lifestyle. Hence, it is prudent to have a say in its layout and construction. Buying a plot of land would allow us to build a house just the way we want to. Plots are much like a blank canvas, on which we can paint our vision and dreams. The preferences of homeowners and their families may keep changing with time. A young professional living alone may simply need a house with a single bedroom, but their needs will change when they get married and decide to start a family.  Buying a plot would be a smart way to build a house, keeping future requirements in mind. It shall provide us with the sovereignty to make any aesthetic changes to the home, as and when we please.

Budget-Friendly Investment 

The cost of a plot of land tends to be much more affordable in comparison to other types of residential properties due to the absence of construction costs. It can be a smart and budget-friendly investment for young professionals who want to have a house of their own. 

High Returns

Residential plots in Guduvanchery, Thirumullaivoyal, Avadi, Tambaram and similar, well-connected localities can typically deliver a high ROI. As long as we buy a plot in an area with good connectivity, infrastructure, and development scope, its value is likely to appreciate by leaps and bounds over time. As plots provide almost guaranteed high returns without costing too much, they are considered to be a pretty cost-efficient investment tool. 

Important factors to remember when buying a plot:

• Find a plot at the right location
• Verify the seller’s claim to the plot through original documents and deeds.
• Go through the title deed properly, and make sure that the transfer and legal ownership of the land by the seller are undisputed.
• Collect any previous tax receipts generated by the seller for further verification.

Selecting the Right Location 

The importance of location cannot be overstated when buying any property. If you are buying a plot of land to build your home on, your priority must be to select the perfect location for it, as it can significantly affect your lifestyle and convenience. Moreover, the valuation of a property is also heavily impacted by its location. If you are planning to invest in a property in Chennai, for instance, it would be a good idea to buy a residential plot in Guduvanchery due to its locational advantage. 

Connectivity

The location of your plot would determine some of the fundamental activities we must undertake on a regular basis.  No matter whether we are heading to work, dropping our kids to school, going to the market, or running errands, the ease with which we can commute to the chosen destination tends to make a world of difference. An easy and short commute will ensure your convenience.  On the other hand, undergoing a stressful and long journey every day would drain our energy and diminish our overall quality of life. Hence, we need to prioritise buying a plot in a neighborhood like Guduvanchery that helps reduce travel times to our frequently visited places and enables us to lead a happier and more balanced lifestyle.

Guduvanchery enjoys a strategic location and provides excellent connectivity to the city centre, as well as important employment hubs in Chennai. This area is fairly well-connected by robust road networks, including the GST Road and Outer Ring Road. The presence of a railway station at Guduvanchery further enhances its appeal as a residential hub. Reliable access to public transportation and major highways can make it much easier for us to explore nearby regions and access employment opportunities, even if we do not own a car.

Access to Services and Amenities

We need to consider factors like the quality of local healthcare facilities and hospitals, access to parks, and the availability of markets and recreational facilities, prior to buying any plot to build our home. Living in a vibrant neighbourhood that has all the important facilities nearby can help foster a sense of belonging and opportunities for social interaction. Having a good hospital nearby would be especially important if we have elderly people at home who have to go for health checkups on a regular basis. On the other hand, families with young kids would benefit from living near good schools. Guduvanchery is an attractive location with impressive socio-economic infrastructure. This locality features all the amenities we may need. The expansion of educational institutions, healthcare facilities, shopping centers, and entertainment options in the region is transforming Guduvanchery into a self-sustaining community.

Future Growth and Development

Another important factor to consider is the potential for future growth and development in the area. Buying a plot of land in a fast-growing or emerging neighborhood like Guduvanchery can provide long-term financial advantages. As the area expands, property values may increase, leading to a profitable return on your investment. Additionally, new businesses and infrastructure projects can improve our quality of life and attract more residents, thereby enhancing the overall appeal of the location.

Each and every homeowner and their family have varying requirements and concerns when it comes to their home. Some homeowners want to have more bedrooms to accommodate a large family, while many others decide to have a big garden space where their kids and pets can play. Buying DTCP approved plots in Guduvanchery would be the ideal way to build a house catering to your needs.

Author bio: Being a real estate developer, the author has vast knowledge of the real estate industry. With her vast knowledge, she helps people with their real estate-related concerns and queries through her blog.