Benefits of Buying a “Ready-to-move-in” Property
One of the straight and significant commercial advantage of a “Ready to move in” apartment is the immediate possession and this means dual benefit.
1. One is Zero risk of any failure or delay on the part of builder in completing the project.
2. Most Homebuyers prefer home loans to acquire a property be it the first where they prefer to live or subsequent homes for investment and rental income. Both cases they are required to make the margin payment, go through the documentation work and pay many a years of Pre EMI interests and then move in only on completion and till then have to deal with rent and Pre EMI together. “Ready to move in” apartment saves them from the double burden of paying rent elsewhere till they occupy and the Equated Monthly Instalments (EMI) simultaneously, in case of self-occupied and in case of investment they get to return on investment by way of immediate rental income. “Buy what you see” (Guarantee of Quality) In case of a “Ready to move in” apartment, homebuyers get to actually see the finished product and get what they have paid for as it is ready for you to inspect before you finalise the purchase and therefore there are no chances of any variance to what was assured in terms of features, amenities, quality, design among many important things.
5 % Saving (Free from GST Implication) At present, (GST) levies are up to five percent tax on purchase of under-construction properties. “Ready to move in” apartment properties, however, are left out of the ambit of GST and this is a huge saving on any price apartments
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