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Ready-to-move-in-homes in High Demand Again!
?November 30, 2016 ?Real Estate ?move in ready
homes, ready built homes for sale, ready to move
home, ready to move homes for sale ?Srishti
Chandola
Gone are the days when under-construction
projects, especially in the metro cities, used to
be the prime choice of the home buyers. In
todays time, close to possession or ready for
possession homes seem to be in high demand with
of course some reason. There were a variety of
reasons for the buyers that they were going to
under-construction homes which were scheduled to
be delivered 2-3 years down the line. Foremost
reason being that the under-construction flats
used to be 20-30 cheaper than the ready to move
in homes. Secondly, they had some potential for
the capital appreciation in the coming time. In
todays time the inability of the builders to
provide possession of homes on time along with
uncertainties looming over numerous current
projects, the dice is definitely loaded in favor
of the ready for possession homes. Delay in
projects has become a norm of the industry
nowadays while in the case of ready to move in
homes, there is quick and hassle free possession
which is guaranteed. Homes which have reduced
the chances of fraudulent practices, as well as
these, are available at some competitive rates.
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The developers are presently offering some
attractive deals, discounts, and numerous
freebies to the buyers on buying of such homes.
This clearly explains that why these are more in
demand than others these days. The industry
observers also believe that while there is the
possibility of a last minute change in the
projects that are under construction, ready to
move in flats does not have this drawback. The
prime reason for the flow in demand for ready for
possession homes is that the uncertainty factor
is definitely ruled out in their case. This means
that there is no uncertainty as much in terms of
waiting time for the completion of projects,
delay in projects, unforeseen problems and price
escalation among many others as seen in the
present times. Everything is pretty clear in
front of the buyers that the exact rate that is
to be paid, location, existing amenities,
available services and existing infrastructure,
etc. the buyers also go for the projects only
after being satisfied completely. The another
major reason is that a huge pile of inventory has
kept the rates of all the types of properties in
check. The absorption of having been slow until
this particular point as well as serious price
rationalizing in the markets even for the ready
for possession projects or those which are
almost complete. The buyers have the distinct
advantage of buying such projects without having
to break any bank. Definitely, it is a unique
point in time, especially in the Indian housing
market. The rental cost is another factor that
is forcing the buyers to go for ready to move in
homes. It certainly is a fact that most of the
people buy homes by opting for bank loans and
this becomes pretty costly for them to keep
paying their EMIs and rentals till the developer
complete the project and the possession is given
to the buyers. The burden increases if projects
get further deferred. Thus, one is able to move
near the future of away which implies that
the corresponding savings on the rentals cost and
much lesser risk
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factor. This certainly saves the buyer from the
uncertainty of the delays as well as the dual
burdens of paying rent and the EMIs at the same
time. Apart from making sure that the
corresponding saving on the rental costs, ready
to move in homes have the ability to give good
returns on the rental. A lot of investors are
buying homes with the aim of earning the rental
incomes or selling them for profits. For
purchasing a property in ready to move in
projects helps them to begin earning instantly
out of the through rentals rather than staying a
few years and keeping their money away in the
non-income making projects. In the present
scenario, ready for possession homes seem to be
the best for the end-users who can be benefited
from the possibility of quick possession at some
competitive rates. They certainly hold a good
value for the investors as the realty scenario is
bound to change it drastically with the coming
of RERA. However, on the other side, apart from
being the tad costly compared to the
under-construction, ready to move in homes which
offer limited scope for the appreciation of
capital and may be less profitable for the
investors as the incubation period which is very
less. As far as the under construction projects
are concerned, it is pretty true that it will
come cheaper but the risk content is higher and
the first time home buyers have to contend with
the rental rates until delivery. Thus, if one
is considering the investment into any
under-construction projects, it may a lot of
sense to wait until the RERA is implemented on
the ground. This ensures that the risk of delay
in the delivery of projects which is reduced
drastically.
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Realestate Demonetization create more
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creat Real estate Experts believe that
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