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Wednesday, 19 June 2019

Whether To Buy a Ready To Move In Or Under Construction Flats

Looking for a lucrative Ghaziabad property? Wondering whether to buy ready to move in or under construction flats? If yes, you are at the right place. This article highlights all the potential pros and cons of choosing either of the two options. Scroll down to get the details and select the ideal option.

Ready To Move In Flats

Pros

  • The ready to move flats in Ghaziabad are known for their instant availability. Hence, you need not to wait for long. Simply make the payment, clear all the legal formalities and move-in. 
  • These types of flats are also free from GST implication.
  • With ready to move flats, you can check all the features, amenities, facilities and layout of the flat, before actually purchasing the same. 
Cons
  • One thing that often restricts the buyer from purchasing these flats is its high cost. They are generally expensive than under-construction property. 
  • Unless bought from a reputed builder, these flats might not always ensure that you are buying a newly constructed home. They might be available for sale for a long time. 
  • With these flats, you can never be sure about the quality of construction or materials used. Hence, always look for RERA certified flats.
Under Construction Flats

Pros
  • It is mandatory for under construction properties to be registered under RERA. Hence, you can be ascertained about the fair trade practices.
  • Owing to the extended window period, under construction flats tend to yield higher returns. 
Cons
  • What is promised, may not be available at the time of possession. Hence, it results in deficient amenities and changed layout. 
  • Under construction property buyers are bound to pay 12% GST of the total property cost. Registration charges and stamp duty must be paid separately. 
  • Some builders often fail to deliver the project on time or hold the projects suddenly due to one or the other reason. Hence, do look for only RERA certified builders. 
Both the options have their own advantages and disadvantages as stated above. Hence, it is completely your call to check which one suits your need. To make things simpler, do take some time to research the market and analyze what you actually want. Based on that, look for the ideal property in Ghaziabad. Just make sure that the builder and type of flat option you choose, should be RERA certified.

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