Property buyers prefer ready to move apartment
According to source, property buyers and real estate investors in India prefer ready to move apartment than preferring to invest in projects where builders deliver project at a six to seven months past the promised delivery date. Financiers are going for projects under construction whereas end users are only headed for either ready-to-move-in or 80% constructed projects.
The other reason for the preference for ready-to-move-in property is attributed to the cost being transparent and spelt out in the beginning. .The consumer can visit the property and determine the viability of investment as well as avail tax exemption in a ready flat.
However, developers argue that if a project under construction offers an escalation-free price for the apartment, penalty clause for delayed delivery by the developer and construction-linked payment plan then the buyer gets a distinct price advantage as compared to a ready-to-move-in property. Ready-to-move-in property win favor hands down with the actual buyer even though he has to shell out a premium for being sure of the exact unit, the exact cost and the exact location.
Source: Buyers Preferring Ready Apartments
Apartment, preference for ready-to-move-in property, Property Buyers, Ready to move Apartment, Real estate in India, real estate investors, real estate investors in India, Realty News
