Purchasing a house in Guwahati or anywhere on earth is not an easy job. As though saving money to own a dream house isn’t arduous enough, you need to really focus to choose what to purchase. You decided to buy a flat, chose the locality, and financially ready and had talked about with your family. This certainly looks like you are on the right track. But, since you are investing a big amount you would prefer not to commit any error in a rush. Isn’t that so?
There are basically two options while buying a flat- Ready-to-move-in flat and an Under-Construction flat.
Thus, the major confusion that starts while planning to buy a flat is which type of flat to purchase a flat which is under construction or the one which is ready-to-move-in?
For many property buyers, ready-to-move-in projects sound the most appropriate investment. However, underdevelopment projects are no less as far as quality and cost are concerned. In case you execute meticulous research on the project, location, value, engineer, and other related perspectives; the under-construction flats provide a positive reception than ready-to-move-in flats.
Benefits of under-construction property
Low cost
The cost of under-construction flats usually starts at a low price. As the demand increase when more people start purchasing, the market cost shoots up.
As a buyer, if you invest early you can benefit from the price movement. But, you need to carefully find a builder with a track record of completing projects on time.
As a purchaser, the sooner you invest the best price benefit you get. However, you have to cautiously discover a builder with a reputation for finishing projects on schedule.
Real Estate Regulatory Act 2016 (RERA) has made it is mandatory to register every under construction property where land is above 500 Sq./8 number apartments. This act seeks to protect buyers from any kind of real estate frauds and scams. People planning to purchase a flat or an apartment can be more confident about under-construction projects, as builders are legally obliged to register to provide better transparency in project marketing and implementation.
Failing to do so, the builder shall pay a penalty to the homebuyer and the government.
Payment Flexibility
Many builders offer payment flexibility for under-construction properties.
One of the best benefits of buying an under-construction-flat is payment flexibility.
A lot of builders will offer you payment options where you can pay a lump-sum amount and book your apartment in an under-construction building and EMI would start after you get ownership. Thus, the extra time gives you more time to orchestrate the additional sum required for registration and diverse incidental expenses.
Price Appreciation
Contingent on the location, infrastructure, connectivity, future possibilities you can anticipate price appreciation in the under-construction flat between 8 should 16 %.
To get the best return of profitability, you should check the past information on property costs in the close proximity. You can otherwise get in touch with resident property counsel to get a fair idea of the market.
Customization
Starting from the floor to the roof, bedroom to bathroom, kitchen to a balcony, you can customize and get a home built according to your choice in case you settle for an under-construction apartment. Protech Group offers exciting prices on under-construction flats in Guwahati along with customization benefits.
However, it’s not the case if you opt to buy ready-to-move-in flat then you will have no option left for customizing but have to move-in an already built house according to the builders’ designs and dimensions.
Discount & Offer
To draw the attention of new purchasers many builders offer alluring offers like discounts and lucky draw. Why not try your luck and own the house you always dreamt of? In under-development property, you will moreover, have the option to pick the floor number, which direction the house faces depending upon availability.
Conclusion
Protech is a RERA certified real estate company. We are committed to on-time project delivery and customer is the King for us. Moreover, our projects are built under strict standards of technology design and we deliver quality flats at the best price. Check Out our ongoing project, Protech Galaxy https://bit.ly/2DOM0DC
