The home buyers are in with a chance to buy ready-to-move flats/apartments in Gurgaon/Faridabad at a bargain. This way they can avoid the risk of investing in under-construction property, as excessive delays in these flats/apartments delivery are prevalent. Normally, the ready-to-move flats have a premium tag of 10-15% attached to them, that doesn’t attract the investors. Now the premium is getting lowered and investors need not wait for 2 to 3 years for under-construction flat’s possession.
Recently there is a distinct rise in the resale market, as lots of ready-to-move flats/apartments in Gurgaon & Faridabad and elsewhere, are pushed in the market for sale. The experts believe that never before the ready-to-move properties in Gurgaon have been so reasonably priced.
These deals are certainly good for the home-buyers. The prime properties available now at the same price were available before to the homebuyers, who used to wait for three years at least. That price rise after the completion of the flats is not visible now.
The developers are also aware of new real-estate bill hence, they are completing the projects at a faster pace, this is further adding up to the ready-to-move flat’s inventory. The price rise is not possible as the demand is less and supply is more. The brighter side of buying those ready-to-move flats in Faridabad is that you don’t have to pay rent for the rented house and pay the installments for buying an apartment at the same time. Even if one doesn’t choose to live there, the apartment can be rented out for supporting income. With an under-construction property, there is always a chance of delay, and sometimes it stands uncompleted and not handed over even.
The delay in handing over the unfinished flats after few years adds up on the EMIs on home loans. Then if the home is handed over after five years, there will not be any tax benefits. Add that with the rents you pay, it shakes up your finances badly.
Another major benefit of ready apartments is that there is no ambiguity over legal status of the ready to move apartments in Gurgaon as well as Faridabad since the property is already completed with relevant certificates such as occupancy and completion certificates. While finalizing the ready to move apartments in Faridabad and Gurgaon, you can easily check the interiors, the maintenance, and surroundings of the property for your satisfaction.
Thus, buying a ready-to-move flat/ apartment in Gurgaon or Faridabad has gained popularity among flat buyers.