Home buyers willing to pay a premium for ready to move-in properties in India

Real estate has seen quite a tremendous progress and influx in its count of buyers since the inception of RERA as well as GST. With these regulatory changes and affordable housing coming into focus, the well renowned developers have started to offer ready-made properties with great infrastructure and comforts within tight budgets; a reason why buyers are paying more attention to such properties.

Metropolitan cities like Delhi NCR have followed suite and has recently come up with a diverse range of ready-to-move-in properties. The situation was quite different a few months earlier when huge unsold inventories of residential properties in Delhi NCR concerned the developers. On the flip side, such properties are now yielding fruits due to an upsurge in demand for constructed apartments. Flats near Vaishali metro station in Ghaziabad are becoming a hot favourite amongst investors and home seekers who now perceive these as a suitable option to live in; thanks to the easy metro connectivity and a lively neighbourhood filled with desirable amenities.

While the GST, RERA and other factors are in action, one might find it advantageous to invest in a ready to move property rather than the one which is under construction due to the reasons mentioned below:         

• Statistics: The leading property site, Magicbricks’ NPI reveals that buyers are willing to pay around 3.7% more premiums on ready to move in properties than that of the properties under construction. Around 46 % of the total localities in Delhi-NCR were covered in this index and have noted an increase of 3.1% in average price of the ready to move in properties in the midst of quarter ended December, 2017.
• No hassle of paying rent: Who wants to pay a whopping amount of money as rent? No one! Ready to move in properties serve as the best option for these kinds of buyers. Thus, the strategically best locations such as residential property in Delhi NCR at cost-effective prices has become the dream home destination for buyers.
• No risk of project completion: Many end users are looking for ready to move in properties to protect themselves from the risk that adjoins a property under construction.

The Arthah - a ready to move in residential property in Delhi NCR from Thapar Group, a pioneer in real estate has demonstrated an excellence in providing ready to move in flats within the prescribed time limit. Its flats near Vaishali metro station is an illustration of its superior construction skills and unparalleled amenities. Easy connectivity to the metro adds additional charm to it and makes it the most popular residential property in Delhi NCR.