Real estate has always been a much ideal investment sector due to the supernatant nature of the sector. And ready to move in property in Noida is the hottest thing in the real estate sector; demand for ready to move in flats in Noida is growing as homebuyers are becoming even more wary about the viability of a under construction project. If we compare the price range between ready to move in apartments under construction apartments and about six months ago was 20%, it has increased to 35% today. Buyers are investing money in in real estate as it is the real time investment thing.
Proximity of this region to Delhi border remains the USP of this area from an investment point of view. Affordable price tags and the presence of reputed builders in Delhi/NCR are the other favourable factors for home buyers. However, the obligation remains on the commitment of the state government to complete the proposed infrastructure and development projects which will fast track the real estate growth here. However, keeping the current events and growth momentum in mind investors should keep a timeline of three to five years to get good return on investment in this area and also multiples mall and Amusement Park coming up in close vicinity. If things like location, neighbourhood, type of properties, size are same obviously a ready move in property is costlier.
The reason is obvious that one doesn’t have to wait to live in it and actually save the money for rent. An under-construction house will cost less money, but taking an under construction house will charge you with interest on the home loan plus rent for your current residence. A large loan for an under-construction property means you lose the tax benefits on interest payments that you make before the property is complete. Of course, you can still claim the house rent allowance deduction during the period if you are staying on rent.
However it can be seen that there is a general increase in risk opinion amid buyers which taking them forward inevitability that comes with ready properties. For developers, though this widening gap is throwing up an incentive to finish their projects bang on time, as that would mean higher attainable amount. Developers might have to look at higher investments in a project from their end as a lot of the sales would happen at the end. In fact buyers who are confused about which one to buy ultimately bound to increase their budget to settle on the side of inevitability. A ready to move property is considered as low risk as compared to under-construction properties as they do not suffer from risks such as alterations from the promised quality, design or layout plans, postponements and possibilities of price increment.
However, there is no risk no return on the ready to occupy properties come with a price tag. It is important to note that the appetite for residential properties is at higher search. The only buyers are hesitant about the monetary health of developers and not willing to bet on projects that are still to see the light of the day.
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