Ready-to-occupy flats or flats under construction?
The end users for properties in India who are purchasing their first house are looking for ready-to-occupy flats.
In context with same, the chief executive officer of PropEquity say that ready-to-occupy flats will fetch lower returns on investment when compared to flats under construction.
However, when considering flats under construction the concerns are many like; price escalations, variations in the planned layout, construction delays etc.
According to the PropEquity expert, the second home buyers and investors always look forward for properties under construction for higher returns.
Considering these above situations, real estate experts say that the primary market which launches new residential and retail structures is extremely vibrant at the moment in Indian cities.
Related story:
Ready to occupy flats in demand
Source: Economic Times
construction delays, Flats under construction, Home buyers and investors, Price escalations, PropEquity, Properties Under-construction, Property buyers in India, Ready to occupy flats, Real estate experts, variations in the planned layout
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