Benefits of buying Ready to move-in apts.

Why to buy ready to move in apartments ? find out all reasoning here on the recent issue of Torbit Realty by Megha Sama, GM – Sales & Marketing, K. Raheja Realty

Embracing house ownership is one of the most significant milestones in one’s life. Yet wrong home buying decisions can become a nightmare. Careful deliberation, forethought and a deep understanding of the real estate sector are required to ink the contract profitably. As one of the leading real estate companies, we have observed an evolving home buying trend of large?number of people preferring to purchase ready to move-in apartments in Mumbai. Ready to move-in flats bring a plethora of benefits?to woo the home buyer. If you are unsure about secure home-buying options, this guide to ready to move-in flats will provide all the information you need to make an informed decision and change your perception of buying a home.

High?Demand for Ready to Move-in Apartments?

COVID-19 pandemic had impacted almost every aspect of our lives, including home buying trends and people’s preferences for realty assets. A significant impact of the pandemic on real estate properties is that it has triggered the demand for ready to move-in apartments. The slowdown in construction and development activities resulted in the limited inventory of new properties. Eventually, homebuyers started scouting for ready to move-in apartments that were readily available. The ready to move flats give people a sense of stability and have also facilitated buyers with time-saving, secured, low-interest rates options, making it an ideal choice for home buying.

With businesses getting back on track post the pandemic, there has been a sharp increase in demand for ready to move-in properties due to the development of Special Economic Zones (SEZs), logistics parks, rapid rail, and industrial infrastructure. Major real estate companies in India, including us, are capitalizing on this trend. This upward momentum is particularly seen in metropolitan cities such as Mumbai, Hyderabad, Delhi, Bengaluru, and Chennai. According to recent reports, the earning potential from ready to move-in properties can range from 2% to 5% per annum, making them a lucrative investment option.

Benefits of Buying Ready-to-Move-in Apartments:

Protection Against Project Delays??

Environmental clearances, building permits, and fire safety including other regulatory approvals, can cause unpredictable delays in property construction.

Getting Exactly What You See??Before Buying

Delays and uncertainties during the construction process can result in cost overruns due to factors such a design modification, unforeseen circumstances, material price fluctuations, and labour shortages, making the property investor suffer in the long run. Such issues can cause problems for property investors in the long run. To avoid these roadblocks, many buyers prefer to invest in ready flats.

?GST Benefit

Buyers of under-construction properties may be required to pay extra taxes, including stamp duties, registration fees, and other hidden charges, in addition to GST.

Easy Bank Credit?

Another significant advantage of investing in a ready to move-in apartment is that buyers can benefit from easy credit from banks and other lending institutions. These loans typically come with hassle-free processing, making it easier for buyers to secure financing for their home.

Quality Assurance

Buyers must opt for reliable top property builders in India, known for their quality assurance. As ready to move-in apartments are already constructed and only a little can be altered when the buyers want to modify the features, quality assurance is critical. Therefore, it is suggested that the property be purchased from a top real estate builder.

Benefit of Easy Resale?

Having invested in under-construction property, buyers need to unwillingly wait longer to resell the property. In contrast?ready-to-move-in apartments provide immediate possession and as such one can resell the property within a few months or a year.

?Advantage of Legally Complianced Property

Properties that adhere to legal compliances protect the investments, ensuring they are legally sound and free from legal encumbrances. Legal compliance also ensures that the home buyer does not lose money. Ready to move-in apartments allow for avoiding legal issues related to construction violations or safety.

Read here for detailed article- https://www.torbitconsulting.com/gains-from-buying-ready-to-move-apartments/