Home buyers usually prefer to go for ready-to-move-in projects. However, let me make it straightforward for them that the under-construction projects are no less in terms of quality and cost. The under-construction projects offer higher appreciation when compared with ready-to-move-in properties. The happiness of buying a ready-possession apartment and moving in within weeks is exciting. Still, you cannot miss out on the benefits the Real estate companies in Lucknow offer for under-construction projects.
Lower cost: One of the main factors before looking for a property is the cost. The best advantage of an under-construction project is that the price point is low – which means your investment grows over a period of time. Well, under-construction properties ideally cost less than a ready to move in properties. aIt can be time taking, but it is worth the price. With RERA interference, the real estate companies in Lucknow must give the possession on time, and if they fail to do so, they are liable to pay a fine to the buyers. . Look for RERA-approved projects.
Higher appreciations: When buying a flat for a lower cost, the appreciation is expected to get higher. as the construction progresses, the property price is expected to increase. The price will surely uplift over a period of time – from booking to until one gets possession. To achieve a higher return on investment, buyers must look at the location, upcoming infrastructure, and employment hub nearby.
Payment Flexibility: When buying a complete property, the buyer must pay the entire amount simultaneously, along with registry costs and other expenses. On the other hand, when you purchase an under-construction property, you must pay 10 or 15 percent of the booking amount. You may either pay the bank if the property is financed or pay as per the construction plan.
New construction: here, you will get a newly constructed property with a long life. Buyers have not to worry about their repairing charges while moving to a newly built property, while in the old one, you might have to spend huge amount.
Discounts and offers: It is not easy to avail of any discounts or offers on a ready-to-move-in property. You have to pay the market price to own the keys of the entirely constructed flat or maybe higher depending on the facilities offered. When buying an under-construction property, you’re given many discounts and offers such as foreign trips, parking, gold coin, and many more. You can even negotiate the price of the property.