, 380 views Jul 20, 2022
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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)|
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