Top 3 Advantages of Choosing to Invest in A Ready-To-Move-In Property

Posted by Manish Shrama on March 19th, 2020

An incredible rise has been witnessed in the popularity of ready-to-move-in property over the last decades, especially, in large urban hubs. Whether people are planning to invest in 2 BHK flats in Gurgaon, Mumbai, Noida or some other major Indian city, most home seekers nowadays look for a ready-to-move-in property.

The rise in the popularity of ready-to-move-in property to a significant extent is driven by the various uncertainties involves in under-construction projects in regard to legal sanctions and project completion. Large cities and metropolitan areas are majorly populated by busy business people and working professionals who prefer to save both their precious time and money by choosing to invest in ready-to-move-in property, as the alternative tends to involve a lot of uncertainties and waiting.

Here are few of the prime advantages of choosing to invest in a ready-to-move-in property:

Tax savings: People opting to invest in ready-to-move-in apartments can eventually save a good sum of money on taxes. This is firstly because no service tax is required to be paid on a ready-to-move-in property. Apart from this, ready-to-move-in apartments also provide people with a good opportunity to save on capital gain taxes. The Indian income tax laws allow people exemption on capital gains only if, within two years, the money is reinvested in property. Hence, in case the possession of a new flat is delayed, then the buyer might find themselves in a position of paying a high sum of money as capital gains tax. This problem can easily be avoided by homebuyers if they choose to invest in a ready-to-move-in-flat as they can take its possession as soon as its sale is completed.

Rental income: Many people opt to buy their second or third residential property either as an investment venture or to settle down there in the future but have no plans to move there anytime soon. For such people, investing in ready-to-move-in property would be a perfect option as it provides them with a great source to earn an immediate, high rental income. As soon as the sale of the property is processed and completed, people can easily rent the villa or apartment out and start to earn a steady monthly income. For the buyers who have taken out a loan to buy the property, the rental returns can help them with their EMI payments, subsequently enabling them to make their loan payments on time without having to compromise on their daily expenses or overall lifestyle.

No surprises: Unlike under-construction properties where are uncertainties involved in how the end product would look like, the images that the buyers see of ready-to-move-in property are likely to change after the sale is complete. Hence, by investing in them the buyers would know exactly what they are investing their hard-earned property and ensure that that there will be no drastic changes in the property by the time they take possession of it.

Hence, people planning to buy a house in NCR must consider investing in a ready-to-move 2 BHK flat in Gurgaon, Noida, Delhi or some other well-developed city to enjoy immediate possession and good returns on investment.