Here?s Why One Should Invest in a Ready-to-Move in Property in Mohali

Posted by Vinay Kumar Singh on March 18th, 2019

In the past few years, the demand for ready-to-move in flats has increased to a great extent, particularly in the metropolitan areas and major cities of India. With the property prices rising at a fast pace, few builders are delaying the projects and buyers are facing home loan approval challenges. But, with the availability of ready-to-move-in properties, this has turned out to be a boon not only for the buyers but also for the sellers and the real estate market as well.  

Read-to-move in flats basically refer to the properties that are apt for instant possession. Most of these flats come complete with the basic infrastructure such as plumbing, electricity points, secure doors, and windows, etc., all of which are essential for a comfortable living. These types of flats also save the time of the buyers, as they can start to reside in it right after the ownership is transferred.

Mentioned below are some of the advantages that buyers can get by investing in one of the ready to move flats in Mohali:

  •  The first most important advantage that people can get by investing in a ready-to-move-in flat is that they can make a lot of tax savings. These flats do not require any service tax which means that the buyer can actually save a significant sum of money. In addition, these ready-to-move flats can also benefit the buyer to save money on capital gain taxes. As per the Indian income tax laws, one can get exemption from capital gains only if the money is invested in property within two years. In such cases, if the construction of the property gets delayed, the buyer may have to spend a specific amount of money as capital gain tax. However, with ready-to-move flats, one does not need to worry about any of these things as one can take possession of the property right after the sales is completed.
  •  Buyers can get complete satisfaction by investing on such properties as they get what exactly they have seen at the time of property purchase. The images and pictures that the customer sees of a ready-to-move-in apartment are precise and are not likely to change after the sale is done. Thus, if you are looking forward to get instant possession and want to obtain excellent ROI, then you should opt for a ready-to-move-in apartment.
  •  Another important benefit that ready-to-move-in flats offer is that buyers can get fast approval of the home loans.  

Therefore, investing in a ready-to-move in flat would be a smarter decision.

Why choose Mohali for investing in properties?

Mohali would be one of best cities to invest in ready to move flats to avail all the above-mentioned benefits. Located adjacent to Chandigarh, Mohali is a well-planned city and has witnessed a rapid economic and industrial growth in the last few years. With various companies setting up their base in Mohali, the job opportunities here have also increased to a great extent. Moreover, this city does not experience extreme problems of pollution and congestion as faced by most metropolitan areas of the country, which makes it an ultimate spot for setting up a residence.

Vinay Kumar Singh

About the Author

Vinay Kumar Singh
Joined: May 30th, 2017
Articles Posted: 14

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