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Major benefits of buying under-construction properties

Sep 18,2022

For most of us, buying a home to call our own is a dream. However, when it comes to choosing the right home at the right time is not an easy one. While some opt for under-construction projects, others prefer ready-to-move-in homes. Both have their pros and cons. Here let’s see the advantages of buying an under-construction apartment.

Cost factor:

The cost of a property is one of the major factors for an apartment buyer. An under-construction property will cost you less than a completed project. Though it may involve a waiting period, the wait is worth it as you get several options to look for. Make sure that you buy your apartment from a reputed builder like LML, which has many types of apartments with different sizes to choose from. These days with the presence of RERA, the buyer is safe and protected. When you buy an apartment under construction, the price is often low, which means your investment grows by the time the project is complete as the appreciation goes up.

Price increase:

From buying an apartment under construction to its completion, you can observe that the price of the units goes up. You can expect the appreciation to be higher as you’re buying your apartment at a lower cost. But ensure that you book your apartment in fast-growing localities with good infrastructure. The presence of employment hubs and educational institutions can increase the appreciation of your property.

Flexible payments:

When you purchase a completed apartment, you have to pay the entire money in one go. Additionally, there is the cost of property registration, which runs into some lakh of rupees. But when you buy an under-construction apartment, your initial investment will be some 10-15 percent of the total cost. The rest you can pay in installments based on the stage of the construction.

Brand new construction:

An under-construction apartment means you own a brand new unit. You can keep away the worries of repairs and such things when it is a new apartment. Also, developers incorporate the latest features in the under-construction property, an added advantage.

Attractive discounts:

Real estate developers do not extend any discounts for the ready-to-move-in property. You will pay as per the market rate depending on the amenities. But if you are buying an under-construction apartment, developers often give attractive discounts and offers. From cash discounts to home appliances and interiors, there are many discounts you can get for under-construction properties. You can spot a variety of schemes and plans on under-construction apartments.

Homebuyers used to select ready-to-move properties than under-construction apartments mainly to avoid possession delays. With the arrival of RERA, homebuyers can now choose an under-construction apartment as long as it has a RERA number and the project is by a reputed developer.

Hear from our extended family.

We own a 3 BHK lifestyle apartment at Atita, a luxury project by LML Homes at Perungudi. The Apartment is worth every penny and the construction quality is good. The ethical work culture of LML Homes and the timely delivery by the LML Team headed by Mr, Mahesh Kothari has impressed us immensely. I will surely recommend prospective home buyers to buy homes from LML Homes

Mr. Mohandass

Property - LML Atita

We would like to thank and appreciate the entire LML Homes team for the wonderful work and architecture of the LML Prakriti premises. We would like to thank Ilairaja for all the corporation and for working on our feedback effectively. We would also like to thank Rajesh and Dimple for their documentation support. Additionally, we would like to thank Vignesh and MD Mr. Mahesh Kothari for the explanation of the project very clear. Thanks to the entire LML Team. You guys are the best

Mehar Nisha

Property - LML Prakriti

I am so glad to buy a house with LML Raga. I am an Architect who takes a lot of time in minute details before finalizing a house. But, the decision to buy this house with LML Raga was finalized just 2 days after seeing the property. I must appreciate the efficiency of your staff too. Thank you for making this transition seamless. I highly recommend LML Raga.

Mrs. Vanitha

Property - LML Raga

Thanks much to LML Homes for helping me out to get a nice flat with expected Vaastu. I got this information from 99acres and the sales team shared the details and clarified my doubts very patiently. Thanks again to LML Homes for getting me nice flat near to my office MEPZ.

Mr. Suman,

Property - LML Prakriti

I would like to express my thanks for good communication and coordination for the registration. The site is pretty awesome and good and I am happy to have a sweet home from "LML Homes". The location of property is the very plus point, have ease of access to all the routes in Chennai. I recommend "LML Homes" based on kind attitude, communication and coordination from LML Team.

Ms. K. Preethi

Property - LML Prakriti

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