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Home buyers in India prefer ready to move in apartments

A recent study made by a real estate consulting firm has revealed the fact that about 74 per cent home buyers across India are negotiating for a ready-to-move in property.

Due to delay in construction, people are less interested in investing in newly launched projects.

The survey was conducted in Delhi, Mumbai, Kolkata, Bangalore, Kochi, Ahmedabad, Chennai and Patna.

Most of the people prefer ready to move in flats as they could avail the tax benefits only after getting the possession of the house. Maximum of the respondents have agreed that buying under-construction property will make them suffer in both ways, paying rent and EMI and not getting any tax benefit.

Project delay is a major concern for most of the people in buying the under construction projects in India. 62 percent of the people under the survey have said that they will prefer to settle for a flat in the secondary market.

 

More related stories:

House safety worries Chennai residents

Construction projects delayed by 45percent

Source: Economic Times

4 Responses to “Home buyers in India prefer ready to move in apartments”

  1. Mohan says:

    Ready to move Homes are best over under construction homes. For Ready to move homes customers does not want to wait for a couple of years. so large number of home buyers are slowly shifting towards `ready to move’ homes to get immediate possession of the home.

  2. residential properties in hyderabad says:

    ready-to-occupy flats would fetch lower returns on investment vis-a-vis flats under construction, even though there are far lesser risks associated with the first option.

  3. Reddy says:

    Yes,I agree with this post.If we buy a under construction flat or house,it will become difficult to manage our budget as we have pay rent and Loan EMI simultaneously but if we buy ready to occupy flats like Signature Towers,a wonderful property for sale in Hyderabad then you will be the luckiest person to enjoy the luxuries facilities.

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