Why under construction properties prove to be more advantageous than ready to move ones?
With so many property buying options available in Pune, you might be confused about what type of property you should go for. Particularly, you might land up in a dilemma while choosing between under construction projects and ready to move apartments. In Pune, you have both these types of properties to choose from. However, it makes sense to go for an under-construction project for a number of reasons. In this post, you will get to know why you should invest in an under-construction property in Pune.
- Cost-effectiveness
When you prioritize cost-effectiveness, you should go for under-construction properties. In Pune, several reputed developers are coming up with such projects. These properties can cost up cheaper by as much as 30% in some cases, compared to ready to move homes. The property value is likely to rise throughout the phase of construction. Even if you sell off the property after possession, you are likely to benefit from the deal.
- RERA’s regulations
In the past, investors considered purchasing an under-construction property to be a risky deal. However, with the RERA now in place, homeowners can breathe ease. Particularly, they can rest assured that the developers would deliver the projects on time. This would prevent possible delays, and they can always reach out to the regulatory body in those cases. Besides, the body keeps a close eye on the prices, and specifications that the developer has already promised.
- Flexibility with payment
Purchasing an apartment in an under-construction project in Pune would come easier on your pockets. You simply need to book the property with an initial amount. There is no need to shell out the entire amount at the outset. Most developers allow property owners to pay the rest during possession. Besides, certain developers schedule the payment in phases, depending on how much the property has been constructed.
- Customization options
One of the best features of purchasing an under-construction apartment is that, you can get the property customized as per your needs. When you go for ready to move apartments, it becomes difficult to modify your living space as the construction is complete. You need to bear additional costs if you want to integrate specific features into your homes. However, when you collaborate with the developers right from the construction stage, it becomes easier to incorporate features that you want. This significantly increases the property value. In case you are an investor, you can benefit from the better returns due to these modifications.
- Deals and discounts
Apart from the price appreciation that you get to enjoy in the coming years, new projects bring you the opportunity to save additional money. In most projects, the developers roll out the apartments at discounted rates for the first few buyers. In case you manage to make your investment during this phase, it would be easier for you to personalize your homes.
Evidently, it would be a better option for you to go for an under construction property in India. You can choose from a number of available options.
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