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5 Advantages of Buying a Ready-To-Move-In Home

By Runwal Group Posted On Mar 19, 2020
Category Residential properties

Buy a ready to move in home

For home buyers interested in purchasing a residential property but not looking for under construction options, ready-to-move-in residential properties are the best choice. Although the buyer may pay more upfront, the long term advantages to investing in a ready property are many. Read on to know more…

  • 1.  No delivery hassles
  • The main advantage of choosing a ready to move in home is that the buyer does not have to deal with delayed delivery timelines, projects held up due to financing hassles, legal troubles for the builder etc. Another plus point in choosing a ready to move in property is that people who are living on rent can move in to their own home immediately and save on the double expense of rent and EMI.

  • 2.  Multiple options to choose from
  • With ready to move in residential properties, the choices available are automatically widened. In fact, estimates state that until the first half of 2019 there were 450,263 units unsold inventory in Mumbai, NCR, Bengaluru, Chennai, Hyderabad, Ahmedabad, Pune and Kolkata.

  • 3.  What you see is what you get
  • Unlike under construction project, in an already constructed residential project, as a buyer you make an informed decision as you can see firsthand the property that you are viewing. Locality, daily conveniences, other civic and social infrastructure as well as the actual size of the apartment, construction quality, amenities, whether approvals & documents are in place etc. all are right before the buyer.

  • 4.  No GST but get tax benefit
  • Goods and Services Tax (GST) of 12% is applicable on an under-construction property but no GST is applicable on a ready-to-move-in property. Also, according to the Income tax Act, 1961, a borrower can claim deduction under Section 80C against repayment of a home loan up to 1.5 lakhs on a completed construction with registration and ownership documents acquired.

    For astute buyers wishing to settle in upmarket locales of Mumbai city, Runwal Greens offers ready to move in super lavish 4 BHK Flats in Mulund West. Runwal Greens, set in 6.5 acres of open spaces has world class amenities including a fully equipped gym, state-of-the-art clubhouse, cricket ground, 3 swimming pools, crèche, multi sports facility, golf simulator and many more.

So if you are thinking of buying a luxury 4 BHK flat in Mulund West, then then look no further than Runwal Greens.

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Disclaimer

The plans, specifications, images and other details herein are only indicative and subject to approval of the concerned authorities. The Group / Owner reserves the right to change any or all of these in the interest of the development, without prior notice or obligation. Artist’s impressions are used to illustrate amenities, specifications, images and other details and these may be applicable to select apartments only. Tolerance of +/- 3% is possible in the unit areas on account of design and construction variances. All brands stated are subject to final decision of the project architect. This printed material does not constitute an offer and/or contract of any type between the Group / Owner and the recipient. No booking or allotment shall be deemed to have been made on the basis of this printed material. Any Purchaser / Lessee of this development shall be governed by the terms and conditions of the agreement for sale / lease entered into between the parties, and no details mentioned in this printed material shall in any way govern such transactions unless as may be otherwise expressly provided in the agreement for sale/lease by the Group / Owner. The Group / Owner does not warrant or assume any liability or responsibility for the accuracy or completeness of any information contained herein.