Buying a flat? Five reasons ready-to-move-in scores over under-construction

, 204 views Jul 20, 2022

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Overview
Category Residential
Price ₹0
Description

Buying a home is exciting and yet tedious, as a mesh of issues surrounding purchasing property tends to confuse buyers. A critical decision to make is whether to buy an apartment under construction or a ready-to-move-in (RTM).

Here is an analysis of both options.

An RTM apartment is more expensive than an under-construction flat in the same locality. You should have deep pockets for an RTM flat, as you would have to pay the full cost of the property before the builder gives you the keys. Your home loan should be sanctioned, and EMIs on the full loan amount will start immediately. An under-construction apartment, on the other hand, is easier on cash flows, as you would have to make staggered payments spread over years.

This is, perhaps, the only positive for an apartment under construction, however. “The price gap between RTM and under-construction apartments has narrowed considerably because of the supply overhang”, said ANAROCK Property Consultants.

Price Difference: Ready-to-move-in vs Under Construction

Avg prices of under-construction (INR/sq.ft)Avg prices of ready-to-move-in (INR/sq.ft) 
NCR4,5505,050
Bengaluru4,9005,200
Pune5,4655,950
Hyderabad4,1304,400
Chennai4,9355,250
Kolkata4,4055,820


 

Features

Wifi

Parking

Swimming pool

Balcony

Garden

Security

Fitness center

Air Conditioning

Central Heating

Laundry Room

Pets Allow

Spa & Massage


Distance key between facilities

Hospital -

Airport -

Bank -

Railways -

Bus Stop -



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