Should You Buy a Ready-To-Move Home or an Under-Construction Project in Gurgaon?

Property purchases require you to make intelligent decisions. It’s imperative to weigh your options carefully and proceed with the purchase. At this point, you might be stuck between under-construction projects and ready-to-move ones. In this post, you will get to know the benefits of purchasing properties under both categories. Accordingly, you can make your purchase decision.

Benefits of purchasing ready-to-move property

On purchasing a ready-to-move property, you would immediately get the authority of ownership. Accordingly, you can start living in the new house upon gaining possession. For an under-construction project, you may need to wait out three to five years after which the developers will deliver the flat.

Since there is no risk of possible delays in possession, ready-to-move properties appear to be low-risk investments. In the case of under-construction properties, delays often come up due to inevitable reasons. In these cases, the buyer has to shoulder the financial burden.

For a ready-to-move property, you can get instant relief from your financial burden, as you no longer have to pay any rent. Simply manage your home loan EMIs responsibly. However, when you go for an under-construction project, you need to manage both your rent and EMI together.

You reserve the liberty to inspect the property at the outset and then make the purchase when it comes to ready-to-move projects. However, under-construction properties do not allow the buyers such freedom. You can only inspect it on paper, and there might be differences in the final property that you purchase.

When you purchase a ready-to-move property, you would benefit from home loan tax benefits. A certain amount of interest that you pay would be exempted from your tax.

You can also sell off a ready-to-move property any time after making your purchase.

Benefits of purchasing under-construction property

If you prioritize cost-effectiveness, there can be nothing better than purchasing an apartment in an under-construction project. Of course, these properties would cost you lower than what you need to shell out for ready-to-move apartments. In case you are ready to cope with the possible delays, such properties would be good deals. Now that the RERA keeps an eye on developers, they are likely to deliver these projects on time.

The price appreciation that you enjoy on investment for an under-construction project remains a bonus. When you book the property, you need to shell out a minimal amount. However, during the progress of construction, the price increases to a certain extent. For this, you need to be careful about the infrastructure, upcoming projects, transportation facilities, and location. 

Investing in these properties can be cost-effective, given that you can avail a number of offers and discounts. This cost largely depends on the available amenities.

Both these categories of assets have their own strategic advantages. Keeping these aspects in mind, you need to choose between ready-to-move homes and under-construction properties. If you want to invest in property then we are always available at your service you can reach us by -

Website - https://www.360realtors.com/property-in-gurgaon-mcid-1

Phone Number - 8448749360

Toll Free Number - 1800 1200 360