Plots in Raipur Chhattisgarh

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INTRODUCTION

• While investing in real estate, plots in Raipur
  are definitely a safe bet.
• A plot is considered real immovable property. The
  real estate market has always been booming.
• And in the current market environment, it is the
  securest and most reliable form of investment.
• Residential and commercial plots are the two
  major categories in the real estate sector.

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Things to consider before buying Commercial Plots

• Review the location of the plot.
• The growth potential of the land area.
• Infrastructure facilities and neighborhood.
• Connectivity to major commercial hubs.
• Availability of transportation nearby.
• Industries around the location of the property.

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Things to consider before buying Residential Plots

• Check the location of the property.
• The space of the plot must be well utilized.
• Future value.
• Make sure the property has all the basic
  amenities.
• Safety measures and a decent neighborhood.
• Transportation facilities.

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Pros of Commercial Plots-

• A well-located commercial property can generate
  higher rental income than virtually any other
  type of residential property.
• Commercial plots in Raipur is usually leased to a
  corporation, a bank, or a chain of retail stores.
  

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Cons of Commercial Plots-

• The price of the commercial plots in Raipur can
  be higher than comparable residential units.
• It is common for commercial properties to require
  more maintenance than residential ones. They also
  need a significant renovation.

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Pros of Residential plots-

• Residential properties are affordable and can be
  purchased at a reasonable price because of their
  availability.
• There can be exponential growth in the future for
  residential plots in Raipur.

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Cons of Residential plots-

• The increasing rate of the property can rise high
  over time. The insurance premiums can also spike
  in the wake of natural disasters.
• Having bad tenants can be a big problem. You can
  wind up with tenants who arent ideal enough.

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Conclusion -

• As the city provides upcoming employment
  opportunities, the need for residential plots in
  Raipur also increases and is now in huge demand.
• Today the developed infrastructure of Raipur has
  led to growth in the real estate business.
• The rapid development in the city has attracted
  many investors from all over the country.

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