A significant amount of money is required in order to invest in a property in the commercially developing cities of the country, such as Ghaziabad, Noida, Delhi, Pune, and Mumbai. Owing to the uncertainties associated with under-construction properties and the heavy investment required in it, people are more commonly opting for ready-to-move-in 1 BHK flat in Ghaziabad and other urban cities instead. According to the current real estate scenario in urban cities, the key priorities for a home buyer are investment security and timely delivery of possession. Ready-to-move-in flats are a much safer option in regards to both of these aspects.
There are a number of advantages of investing in a ready-to-move-in flat; some of them are listed below:
- Construction of a building can get delayed due to several factors, such as heavy rainfall, labor strike, unauthorized sanctions, etc. The risk factor associated with under-construction properties in terms of problems and delay in construction is not applicable in case of ready-to move-in flats, as the homebuyer gets to avail a ready to possess accommodation facility.
- More financing options are available to a person investing in a ready-to-move-in flat, as most banks are more likely to readily give loans at good rate for completed properties.
- No service tax is required on ready-to-move-in property, which enables you to save a significant sum of money.
- Ready-to-move-in flats provide you with the opportunity to save money on capital gain taxes. According to the Income Tax regulations of the country, a property owner can get exception from capital gains only if the money is reinvested in property within two years. Therefore, if the construction of the property gets delayed then you have to pay a huge sum of money as capital gain tax. After investing in a ready-to-move-in flat, you need not worry about these taxes.
- In case of a ready-to-move-in flat, you get the chance to take a look at it and orderly inspect the property before investing in it. You can check if it has being designed according to your tastes, and meets all your needs and requirements. However, in case of under-construction properties, the end-product is uncertain and may differ from the images shown in the property booklet.
In order to take a look at the best ready-to-move-in 1 BHK flat in Ghaziabad or some other urban city, you can visit the websites of the major real estate developers of the country and get complete details on their projects before personally visiting the sites.
