Ready-to-move flats have seen an uptick in demand in the recent years. The obvious reason for this on the face of it is that the risk of any project delay gets eliminated. What is seen is
what is received. The factors of choice for residing in that property can be verified. The buying process is made simpler. This also adds an element of assurance to buyer of the purchase.
Leave it not empty
As these flats allow immediate occupancy, there is no waiting period for the possession of property. Even if you’ve bought the property, but are not yet ready to move in. The house can be given on rent to create an extra source of income.
Unlike properties under construction, there is not much possibility of increase in the price of property. Also, under construction properties are built as per the pre-approved architectural layout whereas with ready-to-move, renovation after purchase and possession is possible.
Tax and the like
There is no GST applicable on ready-to-move-in properties. Thus, offering a cost advantage. Also, no service tax is imposed on ready-to-move-in apartments.
Thus, such ready-to-move apartments save on time and buffer against delays of possession if the builder is not able to deliver the rights of an under-construction property on time to the buyer.
