Ready-to-move-in versus Under-Construction Apartments: Buyer’s preference

As per the common perception, the ready to move in apartments are mostly preferred by the end-users, while the investors or speculators generally prefer to buy the under construction or new launch apartments. For investors, its the initial few installments, which actually brings in due course the profit margins against there booked units in a project vis-a.viz the uptrends in the market and there risk appetite. While the end users do face the rental as well as tax burden do hesitate to buy the under construction or new launch apartments, and usually they avoid taking any risk originating from developer’s end.

Buyers mostly decide on the basis of what will be the monthly payout in the form of EMI vis-a-vis the monthly rent being paid to the landlord. If the buyer is convinced about the developer’s ability and financial capacity to deliver an under-construction property as per schedule, he will definitely wait for the project to get completed. If the buyer is convinced with the considerable construction progress on a periodic basis, his perception about the developer remains positive. The other reason for the preference for ready-to-move-in property is attributed to the cost being transparent and spelt out in the beginning. The consumer can visit the property and determine the viability of investment as well as avail tax exemption in a ready flat.