When buying a new home the biggest question arises, that is whether to buy a ready-to-move-in flat or under-construction property. If you are changing a current home and searching for your dream home then it will be a tedious task to do. Because you want those all the requirements which might be missing in the current home. Also, you are not going to switch your home in the next few years after buying. But the biggest question arises is whether to buy a ready-to-move-in flat or under-construction property.
Here are some advantages of choosing ready-to-move-in house over under-construction property:
No EMI and rent headache:
When a homebuyer buys an under-construction home, he or she would have to wait a long time for the project to be completed. During this period he or she has to pay EMI for their under-construction homes and also the rent of the house currently they are living in. This means the unnecessary investment of money. This will not happen in the case of the ready-to-move-in houses because one can simply move into their home and need not pay rent also.
No risk of project delay
The biggest risk that you do not face when you buy a ready-to-move-in house is project delay. At the beginning of the project, developers give a deadline for completion of the project but they hardly complete the project on time. Due to this delay in the completion of the project, cost overrun happens.
You pay for what you receive
Sometimes there is a huge difference between what builder promises to deliver and what they actually deliver at the end. Builders charge their customers for a quality product but they fail at the time of delivery. But these risks about the area, size, view from the apartment, quality construction, available amenities – are not there in the case of a completed project.
Buying a ready-to-move-in house means it is ready to use from the first day itself. This flat you can use it for your own use or rent it to get the return of your investment.
There is no GST applicable on the ready-to-move-in properties, so you can get cost advantage if you buy a ready-to-move-in-flat. In the case of under-construction properties, developers charge 12% GST with an input tax credit (ITC) or 5% without ITC. In the case of affordable housing projects, developers charge either 8% GST with the benefit of ITC or 1% without ITC.
The price gap between ready and under-construction homes
The price gap between ready-to-move-in and under-construction homes in the top cities has decreased. The price disparity between the two categories may reduce further in the coming years. This makes buyers choose a ready-to-move-in home over under-construction homes.
Ease of selling
Imagine you have invested in an under-construction property, and if you want to sell the property, it is very difficult especially if its possession is delayed or involved in litigation. Most of the developers do not allow the transfer of apartments unless and until the project is completed.
Because of the above reasons, it is always beneficial to buy ready-to-move-in homes. Ready possession flats in Pune are available at Anshul Group in various locations like Moshi, Bavdhan, Waked, Wagholi, and so on. For more details visit us at www.anshulgroup.com contact us at 9561108080.