Ready To Move-in Property- The Pros And Cons

Ready to move- in property is that property which is complete and is ready for occupancy. When you wish to buy a house and have gathered the funds for the complete payment, you then have the best option of a ready-to-move property. In today’s fast world most of us lack the time and prefer to complete the deal in the shortest possible time. In such a condition, ready-to-move apartments are a hit in the market today.

While thinking about real estate in India, you may be perplexed by the endless options available. A right decision at this point would help you get the maximum benefit from the money invested. In this article, a discussion on the pros and cons of buying a ready possession project would prove highly beneficial in taking your decision.

Pros
You get what you see: In a ready-to-move property, you get to buy what you see. It is a completed project and is ready to be handed over to the buyer.

Easy available legal status: Since you are getting a ready and completed property, the legal status of the property is also easy to check and you can quickly obtain occupancy certificate and completion certificate as well, just when you need them.

No service tax: In a ready to move apartment, the best thing is that you need not pay any service tax for what you buy, which helps you save a lot of money on your purchase.

Get to check the neighbourhood: When you buy property in India, you need to also know about the neighbourhood. In a ready possession property, you already may have residents living there from whom you easily get to know more about your builder and quality of work.

Cons
Payment plans are not flexible: In comparison to under-construction projects, the payment plans for a ready-to-move property are not flexible. You need to complete the payment at a go, including down payment, stamp duty, registration charges, maintenance, etc.

More legal work and documentation: A lot of legal work and documentation is required when you buy a ready-to-move property than it is required in for an under-construction property.

Less scope of customization: When the flat is under construction, you have the full scope to make the rooms and house as per your requirement and preferences. But this provision is not available when you buy a property which is ready-to-move. You have to buy and stay in a home that is already complete.

Inflated cost: In comparison to under-construction projects, ready-to-move-in units are quite expensive when you actually buy them.

If you have an urgency to shift, then a ready-to-move property in India is of great benefit as an end user. These tips would be handy enough to enable you to take a decision.

The Driving Values Behind Brand BramhaCorp

If you are planning to make a lucrative investment in the real estate market in India, then Pune is undoubtedly a premium location that would serve all your present and future requirements. The city is a calm and beautiful place with a soothing climate that offers investors and homebuyers with a range of options to invest in. From leisure, retail, commercial, to other horizons there are endless investment options in this city that can offer you great returns in the future.

But just like any other region, even investing in Pune needs one to be cautious. You need to be watchful and make sure that you invest in a trusted project from reputed builders who can fulfill all their promises as per the decided time line. There are numerous builders in Pune who can offer you premium projects catering to all your needs, but ensure that you associate with one that is trustworthy and possesses complete market knowledge. Out of the various names in the list, one of the best and reliable real estate builders and developers is BramhaCorp.

The brand is an established player in the real estate sector that intends to offer elite solutions to its customers. Its previous projects like Le Meridien, Residency Club and the first advanced and modern, residential gated project - ‘SunCity' have become Pune’s benchmarks.

The corporate culture of the company is based on strong values that are reflected clearly in their actions. These values are as follows:

• Customer Satisfaction – This group has been able to avail lasting success as it always believes in making its customers happy and catering to them in the most optimal way.

• Innovation – BramhaCorp aims to offer services and products that are innovatively thought and designed. Their innovation and creativity reflect in their action, and the company always intends to provide customers with solutions, which they are otherwise not able to achieve from any other source.

• Associate Engagement –This is another important driving value of this leading group. The company is always hunting for intelligent talent that can offer clients with unmatched solutions and services.

BramhaCorp is one of the few brands which has earned a reputation built on lasting customer loyalty and trusted relationship with the customers. The company believes in developing an on-going relationship with the customers and hence intends to offer products and services that can proficiently meet the requirements of modern customers. With its on-going investments and elite solutions, BramhaCorp plans to become a global leader in the real estate segment.

Presently, it is constructing more than 2,000 residential projects and would also be introducing 4 new hotels. In addition to this, the company has also lined up an establishment of integrated townships, apartments of 2 & 3 BHK in Pune, upscale residences, and mixed use establishments. The company’s customers are its best endorsers as the entity has always aimed at offering its clients with excellent solutions and transparent dealings.

Pune provides investors with an option to invest in all types of properties. You can find affordable housing as well as luxury homes in Pune, to make an investment that reaps fruitful returns in the future. When you select a property, just ensure that it holds superior quality and is structured with modern standards. So, if you are planning to invest in Pune, then do check the latest options introduced by reliable brands.

How will the Budget 2017-18 Impact Real Estate?

With the release of Union Budget 2017-18, there were several positive measures undertaken for the real estate sector. Let’s take a look at some of the highlights pertaining to real estate and their impact:

1) Infrastructure status: The Affordable housing sector has been granted the Infrastructure Status. This was a welcome move and will act as a catalyst to Prime Minister’s vision of providing Housing for All by 2020. This initiative will give developers access to cheaper funding and will attract more investors.

2) Loan Refinance: National Housing Bank will refinance individual loans worth Rs 20,000 crore in 2017-18. This will give a major push to affordable housing companies.

3) Tax exemption: The Government has also proposed 1 year tax exemption from notional rental income from unsold but ready inventory. This is a great move in providing tax relief to developers in the residential sector who are holding real estate inventory, where the sales dropped significantly due to demonetization.

4) Reduction in holding period: 

The holding period has been reduced from 3 years to 2 years in case of long term capital gains from Immovable properties, providing respite to investors.

5) Change in base year: 

The base year for calculating the indexation for long term capital gain has been shifted from 1981 to 2001. As a result, resultant gain will reduce and in turn will lower taxation.

6) Capital gains on Joint Development Agreement (JDA): 

Capital gains on JDA to be taxed only after the project completion. This will give a great boost to unlocking land for development and will reduce litigation.

7) Cash Ban: 

A total ban on cash transactions of Rupees 3 lakh and above has been proposed.

8) Pradhan Mantri Awas Yojna (PMAY) gets a boost: 

The Government allocated Rupees 23,000 crore to PMAY for completing one crore houses by 2019 for those living in kachha houses.

9) Rate of Interest on Home loans: 

Rate of interest on housing loans will further come down.

10) Increase in size of affordable housing: 

The Government provided 100% tax exemption on profits for developers building homes with built up area up to 30 sq meters in metros and 60 sq meters in other cities. The new budget stated that instead of built up area; the carpet area will be applicable for affordable housing.

BramhaCorp Ltd.’s Meander- The Magnificent Kharadi Apartments

The city of Peshwas is soon becoming one of India’s most cherished metropolis, owing to the IT revolution in the city. And leading the IT juggernaut in Pune is Kharadi. Which has triggered Kharadi apartments to the level of being the most desirable in the country. According to reports, this area is the sixth fastest growing IT destination in the country. Touted to be the next Kalyani Nagar, 2 BHK flats in Kharadi will be one of the most prized assets in the coming years. Conveniently located are banks, schools, grocery, convenience stores, shopping malls like Inorbit and Phoenix Market City and multiplexes like Adlabs and Inox. 

If you are looking for Kharadi Apartments, Meander by BramhaCorp Ltd. is one of the best options. Meander offers 2 / 3 BHK premium apartments close to the main road facing the Radisson Hotel.Rest assured, you are never away from things that are necessary for luxury living.

Some of the conveniences that are in the vicinity of Meander are Grocery stores, chemists, vegetable and food retailers, supermarkets like Reliance Fresh, HP and BP petrol stations. Also, close by are famous City International School, Erin Nagarwala School, Symbiosis International School, Kendriya Vidyalaya, Rosary School and Junior College.

Meander offers state-of-the-art apartment developed by one of western Maharashtra’s largest developer and leading business group BramhaCorp Ltd. The Best Real Estate Project in West India, presented at the 6th National Annual Estate Awards 2013 by the EstateWorld & FranchiseIndia for it’s F-Residences - World’s 1st Fashion Condos in collaboration with FashionTV, while being unanimously chosen by the Juries and conferred the Award for the Best Marquee Developer of the Year 2013 in western India, during the recent Estate Summit conducted in Mumbai. Pune based business conglomerate has been recently awarded as the Armed by vision of the dazzling future and unparalleled customer services, in 1998 they brought Le Meridien to Pune. Currently, they are developing 2000 homes. Commitment to excellence, ethical and transparent dealings and customer satisfaction are values that are enshrined in their work culture. BramhaCorp Ltd. - as per the recent study has ranked amongst the TOP15 Real Estate Developers in Western India by CRISIL (Standard & Poors Rating).

Some of the best features of these 2 BHK flats in Kharadi are Earthquake resistance structure, 24" X 24" vitrified tiles in living, dining, bedrooms and kitchen, Granite window frame for all windows except toilets & kitchen, loft in kitchen, piped gas connection, modular kitchen trolleys with top cabinets, wash & dry balcony and utility area with arrangement for washing machine for 2 bedrooms. If you are looking to become a proud owner of an apartment in Kharadi, your time is now!