When you have decided to change your existing home, the very next question arises. That is whether to go for an under-construction home or already built property? Buying a home is both an exciting and a tedious thing to do. As a buyer, you must be conscious about every minute detail that goes into buying your own place. When buying a home you must consider its design, the architecture, number of rooms, the surrounding place, and also the neighborhood you want to live in.
The joy of buying a ready-possession home and moving into it within a week/month is truly an experience like no other. It feels as if your life suddenly changes in that one moment. However, the benefits of buying under-construction property shouldn’t be ignored either.
If you have money to invest, real estate is normally the best option to invest your money in. However, a major dilemma is that whether to invest in a ready-to-move-in property, or, an under-construction one. Since it’s a common discussion in the real-estate world let’s take a look at the benefits of Buying Under Construction Property or Apartment :
It is mandatory for any under-construction properties to obey the rules provided by RERA: The Real Estate Regulatory Authority introduced in 2017. This makes properties liable for end users.
In an under-constructed property, the buyer has the choice of selling the property closer to the date of possession. Due to the time gap between buying and delivering the space, there is a good chance of earning a profitable return on the capital investment.
Flexible Payment Terms:
Buyers have the advantage of paying the total cost of property in installments after an initial down-payment. This can be paid either through EMIs if the properties are financed by banks, or as per construction plans.
When compared to ready-to-move-in properties under construction properties comes with heavy discounts. The ready-to-move-in properties are completely built houses, and the buyer needs to pay the entire cost as per the real estate market. However, if the homebuyer is going for an under-construction project, there are attractive discounts and concessions on offer.
While a good amount of research and patience goes into the effort of finding a property suitable to your liking, it is undebatable that property under construction will comprise of offers that a ready-to-move-in property can never get in the long run.
If you are looking for investing in under-construction projects in Pune, do contact us on 9561108080 and get heavy discounts.