With the changing trends of the real estate market, one of the most significant transformations observed is the demand for ready-to-move-in homes. Especially in Tier I and Tier II cities, the high number of working professionals are now looking for homes that require less time for moving in. In terms of homeowners and investors, a sudden rise is also observed in ready to move-in homes that come with functional furniture and other utilities that make it easier for the tenants to reside in the property.
Following are some of the reasons why a ready-to-move-in home is very valuable:
One of the best features of such homes is that homebuyers do not have the risk of waiting for months or even years to get the OC or possession of the property. A ready-to-move-in property guarantees no such delay, and once you have decided to close the deal, it will require no time for you to move into the property. Further, the lockdown has already delayed the possession of property across multiple projects, so homebuyers would prefer ready homes over under-construction ones.
When you get to see what exactly you are buying, the level of trust increases. In case of ready homes, homebuyers get to see the construction quality, the standard of fittings and fixtures, etc.
Hence, ready-to-move-in villas or flats come at a higher price.
Homebuyers need to pay extra EMI as well as rent while waiting for the completion of their under-construction house. This gives rise to high levels of anxiety and stress.
The payment of Goods and Services Taxes (GST) is not required in the case of ready-to-move-in homes. However, you will have to pay 5% GST on under-construction properties. This is one of the most important advantages of buying such homes, and thus it has become a preferred property type in the post-pandemic era.
So, if you are looking for such homes, then there are several luxury villas near Mumbai that are worth checking out. Experts suggest that the demand for ready-to-move-in-villas is expected to witness considerable growth between 2021-2025. The above-mentioned points justify why investing in these homes is worth all your time, money, and effort.