Buying a home is an exciting as well as a tedious task as it is the most critical investment that requires an enormous amount of interrogation these days. On one hand, people are lured by the lower cost and staggered payments of under-construction property and on the other hand, people don’t want to face any financial risk and therefore plan to buy ready to move-in property. Here are some reasons revealing that why people are investing in ready to move-in property.

How ready to move-in property will be advantageous for you

  • Instant availability- There is countless number of news reporting about the delay or default in the construction or the possession of the property as per its program. When data was collected from all over the country, it was observed that the projects which were to be completed in 12 months, took time of 24 months to be completed. The main cause of the delay in projects is unprofessional builders who have taken over the projects without ample financial resources.
    In ready to move-in apartments, there’s nothing you have to wait for. All you have to do is make the payment, go through the documentation work and move-in to the apartment. Ready to move-in property also saves you from paying your rent and EMIs at the same time. Like, if you are living on rent and buy an under-construction property, you will be weighed down by the payment of rental for the house in which you are living and by the EMIs of the under-construction property you are investing in. In ready to move-in property, you will be free from rent payment.
  • What you see is what you get- When you invest in ready to move-in property, you get what exactly you see. There are no discrepancies between the actual features, layout and amenities of the property which generally is the case in under-construction properties. There (under-construction) what is promised at the time of selling is different than what is delivered to the customers after the completion of the construction.
  • Pay less tax- While buying under-construction property, people pay a higher rate of interest and bear a high risk of delay or default. They also have to pay 12% of the recently implemented Goods and Services Tax whereas ready to move-in property is free from GST and has a lower rate of interest. According to Business Today, If you are in the 30% tax bracket, you can save Rs 45,000 a year tax on interest payments for the first three years of buying a ready house.
  • One property, one property holder- in ready to move-in property, as you do all the documentation work and get possession immediately, you don’t have to deal with issues where the developer has allotted the same property to different buyers.
  • Sell whenever you wish to- Unlike under-construction property, ready to move-in property is liquid. You can sell it whenever you wish to at whatever price you want. Whereas in the under-construction property you have to take builder’s permission and give him some commission which results in you getting a lower price.
  • Contentment- When you buy ready to move-in property your wishes, needs and expectations get fulfilled instantly.

Where you can get ready to move-in property

There are many areas in Delhi NCR that are offering ready to move-in property, especially sectors 79, 82 and 83 of Gurgaon are the best you can invest in. Each individual can survey the area and invest in the project according to their budget. The most influential real estate developer in Delhi NCR is Mapsko Group. Some of its best and ready to move-in projects well-connected to public transport, schools and entertainment centers are-

  • Mount Ville in sector-79, Gurgaon. Nestled at the foothill of Aravali, this project has 3-4 BHK premium hill view apartment. It has ample luxury and lies amidst serenity and tranquility.
  • Royale Ville in sector-82, Gurgaon. This project has 3/4/5 BHK luxury apartments and 3- side open park facing apartments. It lets all the people take pleasure of the luxury Each unit is filled with architectural wonder.
  • Casa Bella in sector-82, Gurgaon. This project has spacious Villas, Penthouses, and luxurious 3-4 BHK apartments.
  • Paradise in sector-83, Gurgaon. Offering 2-3 BHK apartments, this project is serene, well laid-out.

All these projects have best in class features, amenities, and club-house facilities.

The Crux of the Matter

Invest in ready to move-in property if you want timely possession, quality construction, get exactly what you see and save money by paying less interest.

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