Buyers of residential plots usually put emphasis on price, location, connectivity and infrastructure when buying plots. Nevertheless, there is one aspect that always raises controversy and this is plot orientation. The most deliberated alternatives include north-facing and east-facing plots. A lot of home purchasers think direction is only going to affect lifestyle but not resale value. However, does it actually matter in the current real estate market?
According to developers such as Neevilas, orientation still has a bearing on buyer preference particularly in plotted developments where one can customize. Although the contemporary architecture and the city planning has changed, the traditional considerations have remained powerful in the decision-making process.
The reason why North-Facing Plots are being popular among investors
Plots facing the north are generally considered to be economically desirable. Based on the traditional rules of planning and Vastu beliefs, the direction of the north is linked with prosperity and wealth. Such perceptions usually require such plots which have a higher demand in the market where the culture influences the purchasing pattern. Practically, Indian houses facing north normally get indirect sunlight during the entire day.
This limits the amount of heat entering into the home as opposed to west-facing homes, which makes interior more acceptable and energy efficient. In warmer regions, this aspect can be converted to long term cooling expenses savings. Due to these mixed cultural and utilitarian advantages, developers like Neevilas tend to record faster bookings of the north-facing inventory in the high-end projects. The high demand will have a positive impact on the resale value particularly in a market where the direction-specific properties are in high demand by buyers.
The East-Facing Plot Appeal to Lifestyle Purchasers
Plots that face the east are also popular especially to end users who construct their own homes. The first benefit is morning sunshine. Eastern homes enjoy a lot of early sunshine that is said to be healthy and uplifting.
This practical benefit promotes liveability, and the east-oriented houses are appealing to people to stay long. The trends in the market already indicate that east-facing plots usually are competitive in the market particularly in the gated communities. Neevilas developers claim high demand by families that want to build their own houses, where the way is oriented to their own style of design.
Is There an Effect of Orientation on Property Value?
Direction can contribute to the demand, but it is hardly the only contributor of value. The location, width of the road, infrastructure, connectivity and prospect of any future development are normally of more weight in price appreciation. In plotted development however, orientation may cause micro-price disparities within the same project. As an illustration, north facing or east facing plots can be slightly valued higher because of the buyer sentiment.
In the long run, this upsurge in demand can be captured in the negotiations of resale. Most of the developed plots are majorly based on balanced designs by Neevilas which maximize light and ventilation in all directions. Even non-preferred directions are being thoughtfully designed by modern architectural planning. Finally, orientation also affects the value more by influencing the psychology of buyers rather than financial reasoning.
