While buying an under-construction property has become one of the easiest ways to realize the dream of owning a home these days, project delays would often make home buyers apprehensive. However, the Real Estate (Regulation & Development) RERA, Act, 2016 has come as a big relief for home buyers protecting their interests in issues like project delivery delays, property pricing, quality of construction etc.
If a buyer performs due diligence then there are great chances of finding a near possession project at a strategic location. Near possession or for that matter even an under-construction property has many benefits. Let's take a look at some of these:
The price point is one of the most important factors for homebuyers. An under-construction property is likely to cost much less than the ready to move in property. While the under construction doesn't hurt the buyer's pocket as much as a ready to move in property does, there is an added advantage of getting a home with new construction.
There are many near possession residential projects in Zirakpur, Tricity's hotspot in the real-estate sector. Affinity Greens by ABP builders, one of the best real estate builders in Zirakpur stands out not just for gaining customer's trust over the years for maintaining complete transparency and delivering quality but also for coming up with the impeccably designed project at the most strategic location of Tricity.
As you buy a property at a lower price, you can be rest assured to get a higher appreciation. The valuation of the property increases as the construction progresses.
Flexibility in payment
While a buyer is required to pay the entire price for a possession-ready property, in case of an under-construction project, the buyers get the flexibility of various convenient payment plans of either construction linked or time linked. At Affinity Greens, when you buy a 3BHK flat in Zirakpur, you not only get convenient payment options but also easy finance options from leading banks.
Option of customization
You can not only monitor the construction as it progresses but also opt for customization in an under-construction project. Besides, you get the freedom to select from the desired unit to the desired floor.
The biggest fear of homebuyer used to be a delay in construction as it would upset their financial planning. With RERA in place, the shadow of doubt has completely vanished among homebuyers. A buyer is completely safe & secure as builders are required to deliver on time and if they fail to do so, they are liable to compensate buyers.
Being one of the most crucial investments, it requires serious deliberation while investing in real estate. Whether to invest in an under-construction project or go for passion ready property is the question that boggles vast majority buyers. When you are going to buy a flat in Zirakpur if you are not in immediate need to move in then you should consider near possession property for the long-term benefits you are bound to get.