Planning to invest in a house? In dilemma whether to go with under construction properties?
Numerous renowned builders come up with various projects to meet the demand and requirements of the aspiring buyers. They showcase their properties and ask you to book or invest in those under constructed sites.Investment in under-construction property is a good option for it comes within lower budget. For that matter you can try Godrej Nurture at sector 150 Noida By Godrej Group.
Do these under-construction properties really worth your investment?Let us dig deeper into the Aye and Nay associated with it.
First and most common, the timeline of the project is not met in most of the cases. Generally, the builders give max 2 years for the completion of the project. But, very often it gets delayed for some reason and the buyers faces the consequences. Similarly, at the time of selling the unit, builders never tell you that the site is under some dispute and later you suffer because it gets delayed for this reason for years and years.
Another problem is when the project gets delayed for few years, the builder asks for an increased amount for the project. Thus, there is increase in your burden as you expected specific amount after getting the possession.
The biggest issue that comes in front is the false projection and promises by the builder. They set high hopes and make endless promises to the customers but later they fail to deliver what is promised and never meet the expectation of the buyers.
Furthermore, the quality is compromised. The sample house showcased to you are generally built with best quality products and have all the facilities. And you set expectations that same will be delivered, but the fact is the house received by you are mostly of poor quality. The builders often try all possible ways to save money and reduce construction and finishing cost of the house.
Lastly, once you get the possession of the property you can claim the income tax benefits.But when the construction gets delayed for 2 or more years you can’t claim the tax benefits of under construction properties. Because the price of the property increases but the upper cap limit to claim income tax benefits remains the same.
Apart from all these negative points, under construction properties offers some positives too.
There is no need to pay the full amount in one go when you invest in under construction property. You can make the payment with ease. Generally, you are asked to deposit the amounts in phases and to pay maximum amount at the time of possession. The EMIs amount are also within reach and its payment can be started earlier.
Every day builders come up with some or the other new launches at different locations giving you wider options to select from. Therefore, you can choose the location, floor plan and other things as per your wish and convenience. Not only this, because, the properties are mostly stationed at the outer and suburbs of the city. They have higher chances of price appreciation.
Not the least, you get better facilities and more constructed area when you invest in under construction properties. When buying an apartment or 3 or 4 BHK, builder offer you various in house and recreation facilities within the society. Even, the covered area of these houses is more when compared to that of ready-to-move in property with in same budget.
Now that you have made up your mind. Think about the ideal option in front of you.
Godrej Nurture a residential space where nature nurtures you amidst the prominent pleasing location. This Luxurious Apartments in Noida are child-centric homes and tickles you with the unhindered views of fascinating foliage. The under construction project, Godrej Nurture Noida is a rare residential luxury in Delhi NCR region.
Reference Links:
https://www.classifiedads.com/real_estate_services/bz6981tyy173d
https://www.slideserve.com/divya0130/godrej-nurture-2-and-3-bhk-apartment-in-sector-150-noida
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