Owning a house/apartments is a dream for every buyers in the present decade as the pricing is in the air. The average income of an buyers has increased largely because of the enormous economic boom so as the prices when it come to Hyderabad city. Places like financial district, kokapet, narsingi, manikonda, hitechcity, nallagandla and etc., are the real estate hotspots in the current state. Beeramguda, lingampally, chandanagar and some of the areas near these have apartments at better prices but will have minimum facilities.
Lot of buyerss tends to go for a ready to occupy apartments but under construction apartments has a lucrative deal nevertheless whether it is for permanent residence or for an investment. Under-construction apartments are more economical in contrast to ready to occupy/fully constructed apartments.
Following are the aspects to buy under-construction apartments:
Economical in pricing:
It takes at least 2-3 year for an luxury gated community apartments in Hyderabad to be completed and handover whole ly with all the specifications and amenities. Year by year, the real estate pricing for an apartment sq. Ft is increasing. For example the pricing at the starting of construction is obviously cheaper when we compare it the handover time and real estate pricing will not go down ever other then in an recession time. So this is one of the reasons to opt for an under construction gated community apartments in Hyderabad.
Better pricing and discount:
Buyerss are more like to get off up to 20% on pricing when opted for an under construction gated community apartment. While in soft launch, one can avail up to 30% discount. The real estate firms use this strategy to get more buyers but at last the buyers is at profits.
Advantageous edge in design:
Buyers has a great advantage in designing their 3 BHK apartment in Hyderabad when bought in under construction stage. This benefit is only for the once who buy the apartment at the initial stage of the construction. When bought an fully constructed apartment and trying to make changes in the design then one need to bare the extra expenses for alterations and the design changes may affect the apartment building.
Good for investment:
Buying an under construction gated community apartments in Hyderabad is a smart and economical investment choice for a savvy investing buyers because Hyderabad is/have witnessed a gradual increase in the real estate and the real estate is booming in and around Hyderabad so as the pricing.
Better Returns on Investment:
Investing your money on a dream apartment at the earlier stages of the construction is a path for a better pricing in the coming couple of years. So, investing o the under construction apartments can lead to earn a better and higher returns on investment(ROI’s). And the ready to occupy/ fully constructed apartment are obviously priced a bit higher when compared to the ones under construction(even if the pricing did not increase gradually).
Choose projects under RERA:
For the home buyers, RERA, Real estate Regulation and Development act is a big boon. Before, builders and developers used to gamble with the buyers but those days are gone ad =s the new act rules are very strict and impeding/restricting the sale and advertising the flats online as well as offline unless the project is registered under RERA authority and the authentic documentation should be published on their websites. One of the biggest boon for the buyers is that the builders do not have any option to delay the occupancy date which is agreed and stamped on the sale agreement. If they postpone or delay the handover date then they have to payback the invested amount with interest to the buyer.
Booking amount and sales agreement:
Lot of real estate builders demands the buyer to pay atleast 20% of the total amount in advance to provide a sales agreement. But according to the RERA act, there is no rule that the buyers should pay atleast 20% to the builders. So, to get and sign an sales agreement buyers can only 10% of the total amount and the builders has no right to demand more than 10%.