The Financial Benefits of Buying a Ready to Move in Property

After the GST implementation and the RERA effect Ready to move in apartments with occupancy certificate  are the most preferred real estate investments these days. People are showing more interest in buying a ready to move in apartments rather than going for the under construction apartments.

There are many financial benefits associated with buying a ready to move in apartments, below mentioned are the few points which will help one to make the buying decision a bit easier. The reason behind choosing the under construction apartments is because of the flexible payment options and the apartments with pre-emi offers by the builders to attract more buyers. But, ready to move in apartments always have an upper hand over the under construction flats, below mentioned are few of them.

Get a ready to move in property

When you choose a ready to move in apartments, what you see is what you get; basically you are aware of what you are paying for. You can do a clear inspection of the project and the particular flat you are interested in, what is the view you get from your balconies, how is the air circulation, illumination etc. etc. No need of listening to the builders words on future developments, basically there are no confusions in how the end product looks, and the best part is you are getting a ready to move in apartment and what you see is what you get here.

Supplement your EMI payments

In the case of a ready to move in property, you can either save rental if you move in or earn rental income if you let it out and thus, save or earn money to supplement your EMI payments. People who opt for an under construction apartment, should be aware that they are going to pay higher rates of interest and bear higher risks of delay and default. In the case of reputed builders, even if there is no risk of default in giving possession, you always carry the risk of delay due to reasons beyond the control of the developer.

Probability of default

The present situation of the real estate sector being what it is, the prospects are risky, with higher a probability of default in the future than what we have witnessed so far. There have also been reported instances where the same property has been allotted to more than one buyer. Everything looks good until you come to know about the risk, but you are not left with other alternatives apart from moving around the builder to solve the issue.


Even in terms of sale or cash flow you can expect easy cash flow with a ready to move in apartments, an under construction property is not as liquid as a ready to move in flat. So, it is not easy to sell this as soon as you want and at the price you are willing to sell. This property cannot be sold without the consent of the builder, along with some additional charges if applicable; this will result in getting a lower net price. Finally and most importantly, the ready property ensures that you get instant satisfaction for the money you pay.

Other Influencing Factors

Lack of financial resource is not the only reason for delay in the residential projects, there are many other factors associated with it. Sometimes the delay may be caused due to the litigation related with the property documents. Though in the case of an under-construction property, the disbursements are generally linked to the stage of completion of the construction. The EMI payments generally start after completion of the construction. However, in case of delay for any reason, your EMIs will start once the entire home loan has been disbursed. In case you are staying in a rented house, your expenses on rentals continue while you have to pay your pre-EMI. Choosing a ready to move in property with occupancy certificate will be a good option as it makes your purchase a safe buy and easy to sell in future.

These are the few key points that can help you take a decision over under construction or ready to move in apartments, please do share your views on the same.

Quick link: Ready to move in property vs Under construction property which is better

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