The price difference between a ready-to-move-in apartment and an under-construction one today is hardly 10-15 percent. Add to it the interest burden and the rental outgo of the buyer, and it doesn’t make any financial sense to buy an under-construction house.
NCR and MMR recorded the least price difference between RTM and UC homes at 3%.
Check out 10 important legal aspects to consider when buying a flat/commercial unit in a ready-to-move-in building.
Among various cities, the share of RTMI units in the total sales was the highest in Chennai at 32 percent and lowest in Hyderabad at 12 percent, during 2020.
In Covid-19 times, the Keystone programme in India has added several new developments to market under its kitty with a total inventory worth Rs 10,000 crore. It’s targeting inventory worth Rs 20,000 crore by end of 2021
This could be because real estate developers are reluctant to hike prices of ready properties due to the prevailing slowdown in the property market and fear that it would dampen homebuyer sentiment
NCR to see highest RTM stock with over 68,070 units and Chennai least with 10,860 units.
Make sure you check out the location and legal documents and negotiate hard for a full ‘package’ price to get the best RTM deal.
The GST Council now plans to reduce the rate on real estate to 5 percent. A decision on this front is expected today
While most people prefer to buy a home from the primary market, the secondary or resale market is another option they can explore. Here are a few of the pros and cons of buying R
Due to the options of staggered payments and lower rates, many people opt for an under-construction property without realising its financial risks. Here are some of the benefits of a ready-to-move property as compared R