Types of Plots: Residential, Commercial, Industrial, and Agricultural
Owning land has always been a lucrative investment avenue, regardless of whether it has been purchased for building your home or as a strategic investment. Whether you are looking for plots for sale in Villivakkam or in any other popular locality in Chennai, understanding the different types of plots, what a residential plot is, why commercial and agricultural land are different, and so on is crucial for potential buyers. Buying housing plots, agricultural land, industrial land, or commercial plots comes with its own set of benefits, legal considerations, and restrictions.
Different Types of Plots
In India, there are mainly four types of plots, depending on their intended use. These are – residential, commercial, industrial, and agricultural plots. Here is more on the different types of plots and the sub-categories they are divided into.
What Is a Residential Plot?
Residential plots are basically housing plots that are specifically allocated for constructing homes or other types of residential buildings, such as apartments, builder floors, etc. Generally, residential plots are located within a planned community and are demarcated with boundaries. Residential plots are also available in various sizes and shapes, which means that these plots come with a great amount of flexibility in terms of design and architectural freedom.
A residential plot or land can further be divided into two sub-categories:
- Independent Residential Plots: This type of residential plot or land is specifically used for building standalone houses. With this type of property, the buyer gets complete ownership of that particular piece of land and has full control over how it is designed. However, the construction of the house must adhere to the guidelines issued by local regulatory authority.
- Gated Community Plots: These plots are primarily purchased by commercial builders, who develop a gated community and then sell each plot individually to buyers. Some builders also build houses on these plots and then sell ready-to-move houses to buyers. These gated societies often come with different amenities, like security, parks, and clubhouses.
What Is a Commercial Plot?
Commercial plots are designated for businesses and other kinds of commercial activities. These plots are generally located in the main part of a city. Commercial plots can be used to construct shops, offices, or any other building that has a commercial purpose.
There are two sub-categories of commercial plots, meaning that they have different purposes:
- Retail Plots: These commercial plots can be used to build shops, malls, and shopping complexes.
- Corporate Plots: These plots are typically used for the construction of offices or corporate buildings.
What Is an Industrial Plot?
Industrial plots are plots that are specifically used for industrial purposes. These plots are allocated for the construction of factories, manufacturing units, and other industrial establishments. These plots are always located a good distance from the main city and within a specific zone, which is called an industrial area.
Industrial plots have two sub-categories:
- Light Industrial Plots: These plots are used for building manufacturing units or factories that do not produce excessive pollution or noise.
- Heavy Industrial Plots: These plots are designated for larger industrial establishments that require more space and have a relatively higher impact on the environment.
What Is an Agricultural Plot?
Agricultural plots are primarily used for farming and other agricultural activities. Generally, agricultural plots are located either in rural areas or in the outskirts of cities. Although these plots are designated for agriculture purposes, they can be used for other things as well. However, the buyer needs to obtain special permissions from local authorities for the same.
Agricultural plots have three sub-categories:
- Irrigated Plots: These agricultural plots have access to water resources, which makes them ideal for various agricultural activities.
- Non-irrigated Plots: These plots do not have immediate water access, so they cannot be used for activities that require large amounts of water.
- Organic Farming Plots: This type of agricultural plot is mainly used for sustainable and chemical-free farming practices.
If you are planning to purchase a plot, understanding the different types of plots available in detail can help you make an informed decision. Whether you are looking for residential land for sale in Manali or for industrial or agricultural plots towards the outskirts of the city, it is crucial that you ensure that the seller has clear ownership of the land and to check the zoning laws of the area, so you can assure yourself that the land you are planning to purchase is zoned for your intended use.