Factors to Keep in Mind When Planning to Invest in Plots in Chennai
A plot of land in any of the major metros of India, such as Chennai, can prove to be an incredibly valuable asset. Property investment is way safer than most of the other investment vehicles, and unlike apartments or villas, plots do not have any maintenance expenses associated with them. Moreover, plots are typically more affordably priced than ready-to-move-in homes. However, still, there are a variety of factors you need to keep in mind while buying plots in Chennai to make sure that your investment is truly fruitful. Here are a few of those factors: Floor space index of the plot : Floor space index (FSI) basically implies the measurement of the total amount of area that is available for the construction of an establishment. Whenever buying a plot, you must try to invest in the one whose FSI is greater. Proper ownership : You must proactively verify the ownership of the plot and make sure that it is absolutely legal. To prevent any discrepancies in th...