‘’Ready –to- Move- in’’ properties- The latest hot cake in the property market
Consumers are now more keen to invest in ‘’ready- to- move- in’’ properties than availing the pre-launch offers. Due to the delay in construction, starting of the pre-EMIs and EMIs, the financial burden increases on the buyers as they have to pay for the EMIs as well as the rent (for their existing establishments) for the not possessed unit. Also many a times the developers promise a lot of features during the launch of a project, however once it is ready, it does not meet the expectations of the buyer. Hence in order to remove all these hassles, the buyers are now preferring to buy ‘’ready -to –move- in’’ dwellings.
The number of queries for selling and buying “ready- to- move- in” properties as well as for rental has increased 1.5-3 times as compared to the past six months. Ashutosh Limaye, the Head of Research and Real Estate Intelligence Service of Jones Lang LaSalle India mentioned that after the formation of the new government, the market sentiment has improved. The footfall of potential buyers and sellers has increased in the developers’ offices.
Sanjay Sharma the managing director of Qubrex, a real estate consultancy firm mentioned that the firm has even struck some deals, which will be completed by July-end. The interest level has gone up three times compared to January and February this year and the queries have jumped substantially over the past few weeks.
Source- Business Standard
Demand for ready-to-move-in properties rises, property market, realty market has been reeling under declining sales, Realty News, Slowdown, stock markets
