Advantages of investing in under-construction projects

The idea of finally being able to buy ones very own home is like a dream come true to most of the people. Be it a small flat or a big bungalow, owning a home is extremely special to all of us. While people are on a hunt for finding a perfect nest for themselves and their family they are quite skeptical about buying a property that is under construction. What causes this dilemma is the uncertainty that comes with these under construction properties. However, property buyers are also not aware of the benefits that can be prevailed by them by buying such houses or flats. So even though ‘ready for possession’ properties come with a lot of ease and lesser formalities, yet the under construction projects have their own benefits. Here we will discuss the benefits of buying a under construction projects in Noida.

One of the best advantages of buying an under construction property is the discounted price. One should be aware that the prices of the properties rise as it gets nearer to the stage of completion. Those properties which are still in the process of being constructed can be up to 25% lesser in price that the final market prices. Residential properties in Noida are not so inexpensive; sane is with the commercial ones, so here you will get a lot to save.

With lesser amount of investment required to buy an under construction property one has the opportunity to get better returns. You get to buy the apartment or the house at a discounted rate and then later get the benefit of the appreciated value i.e. the market price of the fully constructed property. However, if you are planning to buy with an investment perspective in mind make sure that the area you are buying in is equipped with the basic amenities for a growth in price.

Under construction projects often come with offers which allow you to make deferred payments. So whether you are planning to buy a residential property or a commercial project in Noida, whenever one invests in an under construction project, one does not have to pay up the complete sum instantly. There is a great difference between the pre launch rate and the current market rate of the properties. When you buy a property at the pre launch stage you only have to pay a small part of the total amount initially and the rest can be paid in the next few years.

If you are okay with buying an under construction flat then you have the opportunity of choosing from a great number of options. This also allows you to choose from the best of the upcoming properties and you can make your preference on the basis of your desired place, price, design, floor, time etc. Also, you get to select from the best choices within your budget.

On buying of an under construction property, if you plan to get a home loan you get the benefit of deferred deduction on interest payable through the pre-construction duration. Well, now this pre-construction phase is defined by law as the time duration beginning from the date of the borrowing made and finally finishing on 31^st March of the preceding the year in which the entire construction has been completed.

One other important aspect of buying an under construction property is that, unlike with ready to possession properties which do not allow you to give your space any personal touch, here you can make some amendments as per your wishes. This may not seem like a big thing initially but trying to change things in your finished house later can cost you a fortune.

So we suggest that if you are looking for excellent returns on property, it's better to invest in under construction projects as they will give exceptional returns in the long run!