Get details of ready to move property in gurgaon. More details, visit us.\nhttp://www.favista.com/blog/2016/10/25/choose-ready-move-home/
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
Why Choose a Ready to Move in Home?
October 25, 2016
ready to move in propertie
The homes that are for the resale housing market especially the brand new, ready to move in or
ready for possession section offers the home buyers a chance to sidestep the risk of investing in an
under-construction property that is prone to delays. However, the casual 10-15% cost of the ready to
move in properties has deterred buyers from buying these. With the premium coming down, the
question arises should the home-buyers invest into quick possession resale market or is it practical to
wait for 2-3 years and buy an under-construction home?
house buying tips, property buying tips, ready to move home,
Corrosion in Premium
Presently, there has been an important jump in the inventories, especially in the resale market. This
pile-up has made the purchasing a ready to move in property a more practical option. The experts
calculate home buyers who will find profitable deals in the resale market than those the developers. It
is also being observed that in the history of Indian realty market, the ready to move in properties are
more cost-effective than others.
Quality and unique properties from the reputed developers in great locations are available for
possession at rates which were previously available to the buyers those are willing to wait for at least
two years or more. Also, excess inventories have also helped in checking the rates. The additional
cost for the properties after the completion of the construction of any project is no longer visible owing
to excess of the inventories. The requirements of the new realty bill have also forced the developers
to complete the projects faster which automatically adds more to the inventory pile. The projects that
were not complete and delayed now seem to be completed at a good pace since the developers do
not want to fall foul of the real estate regulatory act. A hushed demand has prohibited the rates of
these homes for increasing or rising as before.
The first and foremost benefit of investing in a possession ready house are that you save a lot on
rent. And if you have no plans to live in that house then, of course, you can rent it out and start an
additional income. With the under-construction properties, everything is always a chance of delay.
The financial suggestions for this are too many. There’s the spell of having to shell the EMIs out on
paying rent as well as the home loan. Buyers also stand to lose tax benefits on the interest payment
towards the residential loan, if the possession is not received within five years of having availed if loan.
Also, the choice depends on the affordability of property, possession timeline as well as the
availability of funds. If by any chance you do not have funds and can wait for a while, the under-
construction property is a better option. It makes a lot of sense if a buyer needs property immediately
and has sufficient finances then he should definitely opt for ready to move in properties.
Apart from high cost, a resale, possession ready property has some more disadvantages. The choice
of the properties in resale market is limited as compared to the under-construction projects. The latter
allows that you have a wider choice with regards to the floor, view, preference, etc. you need to do
more of legwork to position the documentation in case of the resale properties. The prime factor that
is to be considered when going for an unused resale property is the clearance of title which basically
is the passing of the ownership of the property or the house from seller to the buyer. Numerous legal
works are required to make sure that everything is at the right place and in order. Contrasting in an
under-construction property, the buyers need to start paying off their EMIs of the possession ready
homes immediately along with shelling out the registration, down payment and the stamp duty.
The developers are offering an attractive payment plan as well as freebies for the buyers. You will be
the one experiencing these luxuries in the possession ready homes or properties. The scope, also, for
the capital increase is muted.
Clearly, ready to move in has a lot to offer to its buyers that too at an eye’s blink. The only criteria,
however, is that you should have the sufficient finances.
← Huda Plot Policy Annoys Oustees
Favista is a Real Estate Advisory Firm based in Gurgaon, India. Favista believes in making every property transaction experience simple and successful. The aim is to bring transparency,
professionalism and simplicity to the complex world of real estate. Favista takes pride in keeping the needs and concerns of the customers in highest regards. Favista Real Estate has been
founded by IIT + IIM/INSEAD alumni with experience in strategy consulting, internet marketing, venture capital having been part of companies such as McKinsey, Capital One, PartyGaming
and SSG Capital.
Favista is a full service brokerage helping buyers/investors buy, sell, rent or lease property in India. Favista offers best realty advice for Apartments and Flats for sale in India, land/plots for
sale, New Residential & Commercial Projects in India and also assists selling properties at best rates. Favista.com is the only Property Site in India that lists 100% verified properties. Favista
currently operates in Gurgaon, Delhi-NCR, Noida, Mumbai and Bangalore.Those intending to sell property in India will also find this website very useful owing to the extensive reach, high
brand recall and trustworthiness in the real estate space.
In order to make our customers happy and for us to reach our goals, we follow the key tenets of transparency and consistently maintain integrity in everything that we do. With this professional
attitude, we are set to become your preferred choice for all real estate services in India.
Post Property FREE
Download Mobile APP
Toll Free - 1800 2121 000 (ALL INDIA)
Gurgaon - +91-124-3378700
Noida - +91-120-4117463
Mumbai - +91-22-40142051
Email Sales - [email protected]
Email Enquiry - [email protected]
Unit 235 to 240 2nd Floor,
Vipul Trade Center,Sohna Road Sector 48,
Gurgaon, Haryana 122002.
Have More Questions? Do not hesitate to contact us!
Read our FAQ\'s or Leave a feedback for us to contact you shortly.
© 2015 Favista Real Estate Pvt. Ltd., All Rights Reserved.