Buying a home is a dream in everyone’s life and it is one of the important decision which they take in their life. And buying a home is a long-term investment and people put all their earned money into buying their dream home. When you decide to buy an apartment or a flat in Chennai, you’ve got options like a ready-to-move apartment, under construction apartments and pre-launch apartments. But, only the ready-to-occupy apartments are in demand these days and you will find various benefits and even you can avoid some risks which you find in another type of apartments. Here, let’s discuss a few reasons why there is a demand for ready to occupy apartments and what are the benefits involved in it.
1. Avoid risks
As you know, there are a lot of risks involved in the pre-launch and under-construction apartments, but you can’t find those risks in a ready-to-move apartment and the risk factors are:
- Delay in Possession
- Lack of Amenities
- Quality of construction
- Change in the plans etc
But, in the case of a ready to occupy apartments, you will not find all these risks and you can just move immediately after the purchase. You can check out our luxury apartment in Chennai, which offers a scenic view of natural surroundings and it offers a high-quality lifestyle with world-class amenities!
2. Just pay for what you get
If you buy a property which is under construction, you will not know that how the project will look once it is done and you will have some assumptions by just considering the sample flat, but you will not find it similar to what you have seen in the sample flat. Even you will find it challenging to visualize the exact one which they deliver. In the case of the ready to occupy apartments, you can just see your actual home and you can experience each part of the home before you buy it and you can check for the amenities and all other things before you decide and book your home and you will not find any surprises when they deliver the home to you!
3. Tax benefits
You need to be very smart in the home purchasing decisions because some tax benefits are involved in it. And if you’re applying for a home loan for a property which is under-construction, then you are not supposed to pay tax on the annual basis. When your home is delivered, that time you can just claim the interest which you paid to the builder (as per the section 24 b, The Income Tax Act, 1961). And you can avoid these type of taxes when you buy a ready to occupy apartments.
4. No need to wait as it is a ready to occupy apartments
If you buy an under-construction property, you may have to sit for years to get your home and it will be mostly delayed due to certain reasons. But, in the case of a ready to occupy apartments, this problem can be avoided. But, after the RERA The Real Estate (Regulation and Development) Act, 2016 the homebuyers feel safe and their properties are delivered on the specific timeframe which they have promised, but still, the ready-to-occupy apartment is the smart choice!
5. No Pre-EMI payments
As you know, you are supposed to pay the Pre-EMI payment, the interest which applies to your home loan even for your property which is under construction. And you will find a lot of pressure in paying Pre-EMI payments and in the ready-to-occupy apartment, you can avoid all these additional payments.
6. Stay away from rental payments
If you are buying an under-construction apartment, you may need to pay pre-EMI charges and the rent of your existing home and you finally end up in financial issues. So, you need to plan accordingly and buy a ready to occupy apartments to avoid this double payment.
So, you are getting ready to buy a ready-to-occupy apartment in Chennai with world-class amenities? And there are many ready-to-move apartments for sale in Chennai which are getting occupied day by day, Book your dream home today!