Ready to move in apartment is another name for convenience. One of the primary concerns of home buyers is delay in possession which creates loss of interest and lack of confidence in their mind. Consumers should always opt for RERA registered projects to invest in. Let’s explore the benefits of investing into a ready to move in apartment
Freedom to choose
In ready to move in apartments you always have freedom to choose the type of property you want. You get what you see. There are no issues of commitment and quality delivered, as of in case of under construction. You have freedom examine the property and rest parameters like amenities, residents, locality etc.
GST and no service tax
For an under construction project the developer has to bear a GST of 12%, which obviously is further transferred to the customer. Whereas, in ready to move in apartments there is no service tax and no GST charged AFTER RECEIVING THE OCCUPANCY CERTIFICATE.
Creating a passive income
If you are a property investor and planning not to move in to your new home, you can generate income by renting your property.
No pre EMIs
You can save yourself from the burden of pre EMIs and other charges which you have to face if you are purchasing a under construction property. With ready possession apartments you only have to pay direct EMIs.
Concerns about delay are eliminated
Since the project is already completed you no longer have to worry about possession, your investment amount, insecurity related to calling off the deal by developers and other reasons that delay the project. In possession ready properties such concerns are eliminated.
All the documents of possession ready properties are at your disposal and you can go through Occupancy certificate, Commencements certificate, land titles, NOCs etc. for your assurance and satisfaction.