6 Advantage of investing in Under Construction Property

Posted by Jennifer M.
Real Estate
780 Pageviews

Benefits of investing in Under Construction Property


While searching for the dream house, the biggest question to decide whether to invest in resale property or in a new residential project. This is the question which bothers each and every buyer. There are certain advantages and disadvantage in both these options. In this article you will read the advantages of investing in an under construction property.

Variety of options

If you decide to invest in under construction you will have a variety of options to look after. You will have a list of property options on the basis of which you can take informed decision depending on the property location, price, possession time. Even you can select the floor depending on your convenience, which is not possible in the case of ready to move in property.

Higher returns

Under Construction property are mostly located at the busy, well know area of the city. Thus the value of property under construction will increase very easily and within a short period of time, which is not possible if you are investing in ready to move in property.

Benefit of Lower EMI's

Home Loan EMI of an under construction property is less as compared to the ready to move in property. This is because financial institutions release payments on the basis of phase-wise completion.

Easy Payment Structure

Most buyers invest in under construction property because of the structured payment plan. For Example:- As per standard practice 20% of cost with-in 30-45 days and balance is payable over the period of the project in an equally distributed manner. To attract more buyers, builders offer various easy payment plans like 20:80, 10:80:10, etc. 

Preference for latest designs and elevations

There may be various reasons to why you are looking to change home, like to upgrade the lifestyle, proximity to work place or schools, etc. New real estate projects are planned and designed to give better living experience with luxurious internal and external amenities. In 2016, growth in this segment is expected to increase with Mumbai developers coming up with more of such contemporary residential buildings.

Staying repair- free for at least a few years

Another advantage of investing in a new property is you don't need to occur repair expenses like plumbing, drainage, wiring, etc for at least a few years. Even if there is a need for it, for initial years, it is mostly under warranty by the builder and is taken care of by them.

Before investing your hard earned money in any under-construction project, it's important to do some reference checking and gather information about the previous project time line, delivery and reputation of the builder in the market. 

Contact Spacio Realtors for real estate advisory service, an ISO 9001 certified real estate advisory firm.

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