When you observe the real estate market of Chennai, you realize that a lot of people are now beginning to invest in under construction apartments. While ready to move in luxury flats in Chennai are always going to be the rage there is no doubt that even under construction flats for sale in Chennai are being opted for by investors. The advantages of doing this are:
Lower cost of investment: The cost: When it comes to investing in a property, cost is of course one of the most important factors to be considered. And obviously, when it is an under-construction project, the cost is lower. There are a number of builders who are offering their developing projects at attractive costs. If you plan to buy a house in Chennai, this is a good factor to take into consideration. RERA: Since RERA is in full force in Chennai, builders are required to stick to their deadlines and proposed schedules otherwise, construction companies will have to compensate the buyers for the delay caused. This makes it even easier for you to buy property in Chennai. Finding a project: If you wish to buy an apartment in Chennai, it is important to make a list of trustworthy construction companies that are worthy to invest in. ROI: Once you invest in an under construction 2 bhk flat for sale in chennai, the property will definitely give you higher returns after completion thereby making it an ideal investment. Choice: When you buy flats for sale in Sholinganallur or flats for sale in Mogappair that are still underdevelopment, most builders give you the choice to have a say about the floor you want.
Flexibility in payment: When you buy apartment in Chennai which is fully complete, you are required to make the full payment along with the miscellaneous charges and registration cost. Whereas when you buy house in Chennai which is under construction, you can pay about 10-15% of the booking amount and also opt to pay EMIs to the bank if it is a financed project.
More value for money: Construction companies that are making under construction projects also offer a great value for money. Newer the flats for sale in Chennai, the better it is as the project will last longer. There will be lesser chances of repairs and the amenities offered will be better and more modern.
Chance to get high discounts: If it is a completed project or fully completed 3 bhk flats in Chennai, you will be required to pay for the price as per the market rate. It is rare to receive discounts and offers on such properties. But with under construction projects, even the top builders in Chennai offer great discounts to attract buyers and investors.
These are some of the many reasons to opt for under construction flats for sale in Sholinganallur and the benefits to do the same over completed projects.
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