Investing in real estate is a significant financial decision, and choosing between ready-to-move-in and under-construction properties can be challenging. However, there are several benefits of investing in under-construction property that can make them a more lucrative and appealing option for many buyers. At Virat Group, we believe in empowering our clients with the knowledge they need to make informed decisions.
Benefits of Investing in Under-Construction Property
Here are the top eight benefits of investing in under-construction property.
1. Cost-Effectiveness
One of the most significant advantages of under-construction properties is their cost-effectiveness. These properties are typically priced lower than ready-to-move-in homes, making them an attractive option for buyers on a budget. Early-stage investment often comes with introductory rates, allowing you to secure the property at a more affordable price. Moreover, payment structures for under-construction properties are often spread out over the construction period, easing the financial burden. By the time the property is completed, its market value is likely to have increased, offering significant appreciation potential.
2. Higher Return on Investment (ROI)
Under-construction properties have a proven track record of delivering higher ROI. Since these properties are priced lower during the initial stages, their value tends to rise significantly by the time they are completed. This value appreciation can result in substantial profits for investors.
For instance, in rapidly developing areas, infrastructure projects like roads, schools, and shopping centers often enhance the property’s value over time. By investing early, you’re essentially locking in today’s prices while reaping tomorrow’s benefits.
3. Customization Opportunities
Investing in an under-construction property allows you to customize the space according to your preferences. Unlike ready-to-move-in homes, you can work with the builder to make alterations in layout, interiors, or finishes to suit your taste.
Whether it’s choosing floor tiles, wall colors, or even minor structural modifications, under-construction properties give you the flexibility to shape your dream home.
4. Modern Amenities and Technology
Developers of under-construction properties often include state-of-the-art amenities and incorporate the latest technologies in their projects. From smart home systems to energy-efficient designs, these properties are built to meet modern standards and enhance your quality of life.
Features such as advanced security systems, landscaped gardens, fitness centers, and children’s play areas are often included, ensuring a comfortable and luxurious lifestyle for residents.
5. Attractive Payment Plans
Under-construction properties often come with flexible and attractive payment plans. Developers typically offer installment-based payment structures, making it easier for buyers to manage their finances. Schemes such as construction-linked plans, no EMI till possession, and discounts for early-stage bookings can significantly reduce financial strain.
These options make under-construction properties more accessible for first-time buyers and young professionals looking to enter the real estate market.
6. Transparency and Regulatory Compliance
The implementation of the Real Estate (Regulation and Development) Act (RERA) has brought greater transparency and accountability to the real estate sector. Under-construction properties registered under RERA must adhere to strict guidelines, ensuring that developers deliver projects on time and provide all promised features.
Buyers can access detailed information about the project, including timelines, approvals, and specifications, making the process more secure and trustworthy.
7. Tax Benefits
Investing in under-construction properties can also offer significant tax benefits. Buyers are eligible for tax deductions on the interest paid on home loans under Section 24(b) of the Income Tax Act. Additionally, if the property is sold after holding it for a certain period, you may also benefit from long-term capital gains tax exemptions.
These tax advantages can help reduce the overall cost of investment, making it a financially prudent choice.
8. Scope for Negotiation
When buying an under-construction property, there’s often more room for negotiation with the developer. Since the project is still in progress, developers are more likely to offer discounts, freebies, or flexible payment options to attract buyers.
This bargaining power can help you secure a better deal and maximize your investment value. Additionally, early investors in a project often enjoy priority in selecting the best units within the development.
Why Choose Virat Group to get benefit of Under-Construction Property?
At Virat Group, we are committed to providing our customers with high-quality homes that align with their lifestyle aspirations. Our projects are designed with meticulous attention to detail, incorporating modern amenities, sustainable practices, and innovative designs.
We pride ourselves on our transparency, timely delivery, and customer-centric approach. By investing in an under-construction property with Virat Group, you can enjoy all these benefits while securing a home that offers both comfort and long-term value.
Conclusion
Investing in an under-construction property can be a rewarding decision for those seeking affordability, customization, and long-term growth. With the added assurance of modern amenities, regulatory compliance, and attractive payment plans, under-construction properties offer a unique blend of advantages that ready-to-move-in homes often cannot match.
If you’re considering investing in real estate, now is the perfect time to explore the opportunities available with Virat Group. Secure your dream home today and experience the numerous benefits of under-construction properties. For more information, reach out to us and let our experts guide you through your investment journey.
