Benefits of Buying a Ready to occupy Apartments

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Benefits of Buying a Ready to occupy Apartments

Investing in real estate is one of the greatest choices in a life. Be it for business use or individual purposes, purchasing a property needs a ton of research.

A standout amongst the most essential things that you may consider is whether to put your money into a pre-launch property, a ready to occupy, or an under-development Apartments.

Here are some points which help you to make good property decision.

Buy what you see

No worry about construction quality and amenities: When you purchase Ready to occupy Apartments, you precisely get what you have seen. There are no odds of getting hoodwinked in any event in those things which you can feel and experience. This is not in the situation of Under development properties, on the grounds that you never observe the genuine thing, you see tests or the “projections”. It’s a smart thought to converse with the general population around or the neighbors about the water/power and different things and take their input.

Immediate relief from Rent / travelling cost

Many people who are paying high lease or voyaging extremely far for their work tend to purchase the ready to move Apartments, since they need quick relief from the high lease or travel cost.

Enjoy tax benefits

Now a days real estate prices are constantly increasing so buying a property needs adequate financial planning. When you take a home loan, choosing in ready-to-occupy properties will yield you certain tax benefits.

  • According tothe section 80C of the Income Tax Act, you can avail up to Rs 150,000 from your total taxable income for principal housing loan repayment. Moreover, you are also eligible for a deduction up to Rs. 200,000 on the interest paid on your home loan. These compensations are valid only after the possession of your home.
  • According to the section 24b of the Income Tax Act, taxes can only claimed if the construction of the property is complete and the completion or possession certificate is issued.

No Pre EMI

If you are planning to take a property loan, then buying ready to occupy flats helps you from not losing cash on pre-EMI charges. As you might know, equated monthly installment (EMI) consists of principal (your loan amount) and interest components.

Know your neighbors

This is one major advantage of Ready to move Apartments. You can observe who your neighbors are, what group they have a place with, what salary level they have and on the off chance that you might want to be with them or not.

Overall buying a ready to occupy apartment is a good choice!

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