Everything You Need To Know Before Investing In Under Construction Projects
Price Point
The major benefit of
having invested at an under-construction stage is you get to get to buy the
property at a low price and see the value of your investment grow by the time
it is completed. But you may have heard some downsides about purchasing a
property in its under-construction stage. There have been instances of how some
builders have delayed under-construction projects costing the buyers several
lakhs of rupees and in some cases even more. But now, with the introduction of
RERA, you can rest assured as the builders have to deliver on time and are
liable to pay compensation if they don’t. Due to this, you are not just secure
but you also get to reap the benefits of having invested at a nascent
stage.
Ease of Payment
While buying an
under-construction property, you have more time to manage your finances as
there are various payment plans like a linked plan, time-linked plan, flexible
payment plan, etc. Whereas, when you invest in ready to move flats in bangalore or anywhere
else for that matter, you are required to pay the entire amount within a
stipulated amount of time. Additionally, for an under-construction project, you
pay 10-20% at the time of booking while the remaining amount is paid in
instalments.
High Returns
From an investor’s point
of view, it would do well to invest in residential apartments in Bangalore
which are in their pre-launch or under-construction stage to reap the maximum
benefit. Under ideal circumstances, a project records 15-20% appreciation from
the time of launch to completion. However, certain factors come into play which
includes location and infrastructure.
Freedom of Choice and Customization
By investing in the
property at its nascent stage, you get the freedom to pick the unit and floor
of your choice.
There are however some
things that you need to take into consideration before investing in
under-construction properties in Electronic City, Phase 2. Check the reputation
of the builder and get a sale certificate as well as a title deed to ensure
that all the legalities are in place. The property that you have seen on the
glossy brochures may not reflect the reality.
This is why you should go for builders of repute like Mahendra Homes who to their credit have constructed several residential apartments in Bangalore like Mahendra Aarna and are considered to be some of the best properties in Electronic City, Phase 2. The best part is that they are flat in bangalore To know more, book a visit soon.
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