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6 Benefits of Buying an Under-Construction Property in India

Have you been searching for a property lately? You might come across two major types – ready to move and under construction. Many people often get baffled about which one would be the best investment. That's why we are here to give you a clearer view. Especially if you do not need immediate possession, buying an under-construction property might be your best bet. Luckily, there are several upcoming projects by Brigade spread across various top cities in India. Here are the top benefits you shouldn't miss!
1. Newly constructed properties
The primary difference that separates them from ready-to-move properties is that you move into a brand-new home! There are no immediate hassles of renovation and maintenance. Also, most newly constructed Brigade Properties incorporate modern amenities and facilities that are trending. Overall, it is a much more pleasant experience than buying ready-to-move properties that are already old and wearing off!
2. A broader range to choose from
You enjoy a greater range of possibilities and more variety when looking for properties still under construction. Often these contractors start a new project every other day in a different place keeping in mind interest of different buyers. In addition, you are free to choose the direction, floor, balcony view, and type of your future apartment without unavailability issues.
3. Lower prices
A property that is in possession-ready vs. one still in the construction phase might range in price by 10% to 30%. (Assuming the same location, region, and type). The price difference will undoubtedly be worth the delay, even if you have to wait to move into or rent out your new property.
4. Better price appreciation
This is another benefit and feature of purchasing a property still under development. The improvement of the local infrastructure helps to increase the property's value. Since most of these homes are built in spacious and outskirt areas, there is a larger likelihood of development plans resulting in property price growth!
5. Flexible payment
There is no immediate need to pay the entire sum upfront because you are purchasing a property still under development. Typically, require you to make partial deposits and total payments when you take possession. You can easily begin making payments on the EMIs associated with that down payment.
6. Ease of modifications and customizations
In contrast to secondary or resale properties, an under-construction property offers the buyer a wide range of options. Once you book your property, you can make any desired home changes during construction. Also, many properties offer you options like the colour of kitchen tiles, the choice of different wooden doors and panels, etc.
In a nutshell
Previously, buyers only preferred fully-renovated or semi-renovated ready-to-move properties. However, after the implementation of RERA, homebuyers are now free to select an under-construction property stress-free, as long as it has a valid RERA number and is a project by a reputable developer like . From getting the best properties at competitive prices to easy payment modes, investing in an under-construction property offers numerous benefits. Lastly, you can enjoy several offers and discounts on your dream home!
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