an apartment. Buyers can buy a plot now, construct a home later, or retain it as a plot for investment. Also, building a house on your own requires a lot of effort and time. Buying a plotted development from a developer saves that. Buying a plot is also beneficial as one can customize the construction. The right time of construction, availability of funds, design preference, etc., is on the plot owner. The interiors too can be designed according to one's style. While in residential apartments, one has to depend entirely on the architect's design. Also, if one buys a plot from a developer, the delivery risk is less as there is not much work from the developer's end. But in an apartment, the risk is much higher as far as delivery on time is concerned. In addition, one of the best reasons is the return it promises to generate because of the excellent value appreciation. It is because the price of lands soars higher as compared to the apartments within the same time. Another great advantage of buying a plot is the low maintenance cost. Apartments incur a lot of expenditure, unlike plots. Also, the realty firms today offer gated communities, and investing in a plot is safe from a security point of view. Moreover, they provide multiple amenities which one can avail of, as compared to stand-alone homes. It also includes privacy compared to apartments, as one need not share common spaces and lead a peaceful life. However, there are few concerns while buying plots: One can go for a land loan while buying a plot, but the financing options are limited. The interest rate of a land loan is equal to that of a home loan, but the loan value is usually lower. It may make you shell out more for buying a plot. The maximum period for a plot loan is up to 15 years compared to 30 years for a home loan. Lastly, there is no tax deduction on land loan for flats. One can get a tax deduction on constructing a home in the plot but can get the same once construction is complete. Demand for Plotted Development in Bangalore Amid the Pandemic As India continues to be under the grip of the Covid 19 pandemic, various sectors have been impacted by it. The realty sector has been hit hard by the pandemic and continues to take measures to revive the industry. But the preference of home buyers is changing in these challenging times. The demand for plots and plotted developments are on the rise. As per PropTiger DataLabs, Bangalore has seen the maximum sale of plots with 31% total sales across cities. The demand for plotted development in Bangalore is fast catching up as buyers prefer stand-alone houses compared to apartments. Also, amid the pandemic and lockdown, the buyers got an opportunity to buy plots at bargain prices. The developers, too, used this opportunity to monetize assets soon. Given the situation, the reality developers are offering plotted developments in Bangalore to gain from these deals. The benefits for the developers are many like faster sales compared to apartments, better cash flow, and quick exit from an investment compared to the time taken for building apartments. While home buying has seen a decline because of the pandemic, there has been a considerable demand for plots from buyers with secured jobs. They are opting for investment in plotted developments as this is affordable, and they can have a long-term plan in constructing a house as and when desired. With rising demand, the developers are offering great plotted development options along with top facilities. A clubhouse, gym, swimming pool, sports courts, gardens and many more are provided for the comfort of living, making the deal more attractive for the buyers. Plotted Development by Purvankara Ltd. In times of the pandemic, the demand for plotted development is increasing, and now Purvankara Ltd. has entered the plotted development business with great offers. They launched the brand Purva Land to tap the growing demand for plots. Purvankara plans to start six new projects in the next six months, launching 5.5 million sq. ft. Area in Bangalore, Chennai and Coimbatore with an investment of about Rs.825 crore. Out of the six projects, three would be launched in Bangalore, two in Chennai and Coimbatore. The company's land parcels for four projects are wholly- owned, while two projects are in the joint venture. Land parcels have been tied up, and the design, approval process is on. To expand the business, Purvankara is looking for more land parcels across cities. They are also talking to landowners for joint development projects in Pune, Mumbai and Hyderabad.