Buying property is a crucial decision for all. It's an emotional decision that can be taken very cautiously. You will not switch your flat in the few years after buying. Instead, you will only sell it if you get a better price or need a bigger house. The residential resale market, especially the new, ready-to-move-in, gives home buyers a chance to avoid the risks of purchasing under-construction homes that are likely to have extreme delays.
2 BHK Ready-to-move-in flats decrease the chances of getting cheated, besides offering other benefits. Ready-To-Move-In flats are more expensive than under-construction flats in the same locality. It would help if you had a solid financial position for a 2 BHK ready-to-move-in flat, as you would have to pay the total cost. Your home loan should be approved, and EMIs on the total loan amount will start soon. Besides, an under-construction apartment has a more straightforward payment method. However, this is the only positive for an under-construction flat.
If you plan to buy a property, you will get many options. But there is a benefit in choosing a 2 BHK ready-to-move-in flat. Below we are writing a few of its benefits:
Immediate Authority on Your Flat Purchase: In the case of a ready-to-move-in flat, you can instantly move into your new flat. You will immediately get possession of what you have paid for, whereas for an under-construction flat, you must wait some years for the flat to be delivered.
Low-Risk Involvement: There are no risks of delayed possession in a ready-to-move-in property. While in the case of an under-construction flat, project delays are common, and there are many cases where a developer has duped buyers.
Instant Relief from Paying Rent: Once you move into your new flat, you won't have to pay rent. All you have to pay is EMI. While in an under-construction flat, you will have to carry EMI and Rent for several years.
You will get what you see: An under-construction property is sold on paper. Sometimes, there can be discrepancies between the result and what you were promised. Besides, in ready-to-move-in property, you will first see and check the product and only decide to buy it.
Immediate Tax Advantages: In a ready-to-move-in flat, you can instantly challenge tax exemption on both principal and interest repayment.
Only EMI: The best thing about a ready-to-move-in flat is that you will have to pay installments monthly, which would include no other payments. In the case of an under-construction property, EMI begins after the completion of building work.
Check The Infrastructure and Other Things: When buying a ready-to-move-in flat, you can check the infrastructure and other things before purchasing it.
No increased cost: This is another benefit of purchasing a ready-to-move-in flat, as you don't have to pay the high price of the property after paying the booking price.
Buy within Your Budget: In a ready-to-move-in flat, you can select a property within your budget. If you have a lower budget, you can purchase a flat that fits your budget. When you buy an under-construction flat, if the project gets delayed for years, the developer asks to increase the building cost, which you have to bear and improves your overall budget.
Rental income: If the flat you've purchased is an investment, not for personal use, or if you plan to move in later, you can rent it out and make some rental income. You can use the rental income to pay your monthly installments or keep it as a rental income.
Ease of selling: It is significantly easier to sell an under-construction flat if its possession is delayed. In many cases, creators only allow the transfer of apartments once the project is complete.
Buying a flat can be risky, but after good research and considering the long-term gain will be profitable. Prestige Lavender Fields is a great property to buy.
Prestige Lavender Fields is the new project in east Bangalore. Prestige Lavender Fields is the finest choice if you work in Whitefield Bangalore and are searching for large 1, 2, and 3 BHK homes. In Whitefield, Bangalore, this property offers an unrivaled living experience. At its integrated gated colony housing society in Whitefield, Bangalore, Prestige Lavender Fields Whitefield extends a warm invitation to enter the world of luxury. The unique lifestyle provided by this Prestige Lavender Fields Whitefield Bangalore will motivate you to live.
Some of India's top architects created Luxury Prestige Lavender Fields in Bangalore to provide citizens with a convenient and elegant way of life. This project offers the best amenities today, which aligns with the ideal home's definition. The Prestige Lavender Field's floor plan was also thoughtfully designed to provide roomy and well-ventilated rooms. With top-notch amenities like a constant supply of water, a CCTV camera, parking, elevators, play areas, and security.
Prestige Serenity Shores is a forthcoming luxury apartment built next to Prestige Lakeside Habitat in Whitefield East Bangalore. It is a luxury apartment project slated to deliver luxury living comfort in the most dynamic environs of Bangalore. The development offers luxury homes with a lot of ventilation and light, making it the most exquisite living experience. This new extravagance high-rise prelaunch project offers 2, 3, and 4 BHK homes for sale by the famous Prestige group. Apartments here are available in dimensions between 905 and 2882 SQFT. It is ideally situated at Whitefield near Prestige Lakeside Habitat in East Bangalore. With the best facilities and remarkable features, this housing project will surely make you and your family happy and healthy. Whitefield is a prominent locality of the east, named after D.S White, the founder of the European and Anglo-Indian association. The location turned into an influential suburb after the boom in the IT industry, making the eastern edge a prominent residential epicenter.
Prestige Waterford Whitefield is a residential project with happiness in every corner. This sprawling gated complex is amidst every city life's convenience. You can choose three, and 4-bedroom abodes in the seven high-rise towers spread across a 17-acre land area. Situated at ECC Road in Whitefield Bangalore, which is connected to other places of Bangalore like Sarjapur Road, Outer Ring Road, and Electronic City.
A luxury apartment and villa complex called Prestige Lakeside Habitat is located in Whitefield, East Bangalore. Most of Bangalore's IT parks are located here, in the area with the most energy and a view of the picturesque Varthur Lake.
In East Bangalore, off Sarjapur Road, is a project called Prestige City Sarjapur. This township's most significant development area is 180 acres. The prestigious property includes plots, villas, and apartments, representing a variety of housing styles. 7000 apartment buildings, 149 villa bungalows, and 808 undeveloped lands are present. Within one of the largest townships in the city, The Prestige City off Sarjapur Road is the fascinating Prestige Eden Park. The Prestige City is a 180-acre development, and this apartment complex occupies a 9.7-acre parcel of land with a large number of 1 and 2-BHK homes. Sizes range from 634 to 974 square feet. Prestige Eden Park has about 2217 residences.
Prestige Meridian Park is a brand-new, opulent apartment development in one of the city's largest townships, The Prestige City. The township's total development area is 180 acres, with 18.2 acres of that area being eminent domain. The G+30 blocks contain all exquisite 3 BHK homes and have 16 towers. It is an excellent deal compared to purchasing any regular apartment segment. We will pay a similar amount, but by buying this Prestige Meridian Park apartment unit, we can enjoy the amenities of a lovely township.
The most expansive township in the city, The Prestige City township, is home to the magnificent apartment complex known as Prestige Avalon Park. The project has seven towers and a built-up structure of B+G+29 floors. Can you imagine 950 eye-catching 3 and 4 BHK units selling in only six months? Yes, this beautiful property has sold more quickly than any other neighborhood.
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