Easier on investment: an under-construction property does not take much money like a fully completed one. The allied factors like locality, property type, area of the premise, and real estate developer are the same, the ready houses cost way more. The gap between the pricing can is anywhere between 15 to 30 percent, which is a huge cost saver for the buyer.
RERA Compliance: any property with Occupation Certificate OC must be compulsorily registered with RERA authority. This allows transparent and fair trade practices. Potential homebuyers can gather information concerning RERA’s state website. Aggrieved homebuyers can even seek a faster grievance redressal by the RERA Appellate Tribunal formed under Real Estate (Regulation and Development) Act.
Flexible payments: if you are a home buyer and zeroing on an under-construction property there is no immediate payment of an entire amount in one go. The real estate builders ask you to pay money in scheduled phases, in line with the construction stages, and take reaming amount after the construction I complete. You can also start paying EMI after the down payment is deposited.
Wider and Better options: if you shortlist for an upcoming project, your choices and options are wider. New projects are launched periodically and one project can be better than the other. You can choose the location and flat as per your wish.
Return on Investment: buying under-construction property always yields higher returns. The extended payment and construction window between buying and delivery schedules. If you are a buyer selling property close to the possession date, you stand a greater chance of earning a lump sum amount and appreciation on capital investment.
Great offers: great discounts are available for under-construction properties. The ready-to-move-in houses demand a full amount to be paid before moving in. If the home buyer is going for under-construction project discounts and offers like gold and jewellery, modular kitchen, air conditioning, free parking, and the buyer can negotiate the price too.
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