The decision to choose between a residential and a commercial plot lies entirely with you. It depends on whether you want to build your dream home or start your own business venture.
If you are looking for plots in Bihar, you can consider Bihar Sharif. The region has emerged as a real estate hotspot in recent years. Why? It is located in the administrative headquarters of the Nalanda district, with proximity to Patna Airport.
Which plots for sale in Bihar Sharif shall you choose? Residential or commercial ones?
This blog will provide you with all the essential information to help you make an informed decision.
What Do We Mean By Residential Plots?
Are you thinking of moving in with your family in Bihar Sharif? Then, you shall go for residential plots in the region, with all essential amenities nearby.
When Should You Consider Buying Residential Plots?
You can buy plots for sale in Bihar Sharif in the following ways that work in your favour. They are given below:
- People buy residential plots for sale in Ekma Chapra to build their own home, apartments and residential complexes. Want to make your own home with flower gardens and a swimming pool? Go for it. You are free to use the plots you purchase from Rumi Developer however you wish.
- The investment you make today will give you a steady return over time within a few years. It doesn’t matter whether you sell the plots or rent your home later on. It gives you a consistent source of income.
- Compared to commercial spaces, residential plots in Bihar Sharif have lower maintenance costs and property taxes.
- The process of buying plots with Rumi Developer is pretty transparent. We offer you approved plots in Ekma Chapra and Rajgir, Bihar, at affordable prices. You can either register on the spot, opt for EMI options, or take a home loan with attractive interest rates.
- The residential plots for sale in Bihar Sharif offer a perfect blend of a peaceful environment with modern infrastructure. As a resident, you will live in the following areas:
- Close to local markets like Ekma Chapra for daily needs
- Healthcare facilities like Community Health Centres and Sadar Hospital in Chapra
- Excellent connectivity to neighbouring areas through local bus and railway stations.
What are the Risks You Need to Consider?
- Residential plots offer lower returns on investment than commercial properties.
- The income from renting out your home or flat is decent and provides a steady stream of income.
- The market demand for your property depends on local factors, and it is slower than that for commercial real estate.
What Do You Mean By Commercial Plots?
This is the question to ask yourself, “Do you want to start your own business?”. As an entrepreneur or a seasoned businessman, this is the best choice for you.
When Should You Consider Commercial Plots?
- Commercial plots for sale in Bihar Sharif are for people who want to set up their own shops, offices, showrooms, restaurants, or small commercial complexes.
- The town is located close to Chapra (approximately 28 km away) with excellent connectivity. You have access to national travels through Ekma Railway Station, Chapra Junction and Ekma Bus Stand.
- Rental income from commercial properties is three times that of residential properties. It is best to have commercial plots near major market areas, such as Ekma Bazar, healthcare institutes and educational institutes. The demand for commercial spaces remains high regardless of economic fluctuations.
What are the Risks You Need to Consider?
- The initial cost of investment in commercial plots is higher than that of residential ones.
- The costs of maintenance, property taxes, and operational expenses are considerably higher for commercial properties.
- The overall documentation process is complex, requiring additional permits and compliance with various requirements.
- You can get commercial loans with higher interest rates and strict terms and conditions.
- Despite high demand for official spaces, it isn’t easy to find tenants and buyers at the right time. The process itself will take longer than usual.
What are the Key Factors Before You Make a Final Decision?
Till now, you know why you want to buy plots for sale in Ekma Chapra. Let us look at some key points to keep in mind before you make your final decision.
- Plot Location
The location of the plots in Ekma Chapra is paramount. If you want to go for commercial plots, go for areas near major transportation hubs. For example, plots near Ekma Railway Station, Ekma Bus Stand or Patna airport. If you want to live with your family, choose areas with good access to hospitals and daily markets.
- Budget Considerations
Commercial plots cost more than residential plots. The overall budget includes your plot prices, as well as its development and maintenance costs. Therefore, you should consider your budget before making your decision.
- Time Horizon
What is your overall life goal within the next few years? Do you want to retire and settle in Ekma Chapra within the next few years? Then go for Ekma Chapra. For those seeking long-term stability over 10-15 years, go for commercial properties. It offers superior returns upon investment.
You can schedule a site visit with Rumi Developer and visit our plots for sale in Gorakhpur, Uttar Pradesh, and Bihar.
Final Thoughts
The decision to choose the plots for sale in Bihar Sharif lies with you. Whether you want residential or commercial plots, you can contact Rumi Developer. We are the leading company for providing approved plots in Bihar.
Go to our website and schedule a site visit with us today.