N.A plots are non-agricultural plots that are specifically designed for industrial or urban purposes. The developments built on these plots are legal and are meant to construct bungalows, apartments, offices, and industrial units. My grandfather had bought an NA plot a few years ago. The other day, my father and I were discussing the benefits of investing in N.A plots, and let me share what is the difference between N.A plots and Non N.A plots that I learned from him.
What are the Benefits of Investing in N.A Plots?
While N.A plots are for non-agricultural purposes, non N.A or agricultural plots are for agrarian works. These kinds of plots are not fit for urban development and are used for farming and other rural purposes. If you’re thinking of investing in an N.A plot, you should consider some of the key benefits it provides. I have mentioned a few below.
High ROI: One thing I learned was the flexibility N.A plots offer, with higher returns on investment. This is because these plots are legal and industrial units, business developments, and residential houses can be constructed here, which provides greater ROI.
Greater Appreciation: These plots also tend to appreciate more with time, especially if they are in densely populated areas with growing infrastructure.
Lower Initial Investment: Another key benefit of N.A plots is their affordability. Unlike developed apartments and residential units, plots are inexpensive and require minimal investment in the beginning.
Low Property Tax: I remember my father mentioning how non-agricultural plots require lower taxes as compared to a developed house. So, not only will you be investing less in the beginning, you also don’t need to worry about paying a hefty amount of tax.
These are a few points I remember discussing with my father, and I hope this will give you some idea about the difference between N.A plots and non N.A plots.
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What is the Difference Between N.A Plots and Non N.A Plots?
Manjula
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1
4 Year
2020-11-20T14:32:15+00:00 2024-12-30T12:02:38+00:00Comment
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