FAQ’S

A question that usually troubles almost all home buyers is whether to opt for a ready-to-move-in house or book an under-construction one. Since both these property types serve and suit different purposes and intents, it is imperative to know their pros and cons in details. Here is a ready guide to help you take the decision.

Under-construction property

Buying an under-construction property has become one of the easiest ways to realise the dream of owning a home these days. This proposition in real estate comes with certain risks as well, the most common being delayed possession.

Ready-to-move-in property

Due to the incessant delays in project deliveries in the last few years, home buyers have increasingly started preferring ready units. Let’s take a look at the advantages and disadvantages of the same.
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In general, the rental Return on investment (ROI) potential of commercial investment remains far better and more sustainable than residential space.

Long term leases and contracts ensure a regular flow of income for the realty investors.

• Property Price
• Flat’s Carpet Area
• Land Record
• Legal Check of Property
• Apartment Possession
• Financing Banks
• Builder-Buyer Agreement
• Exact location of the property
• Hidden and Additional Charges

20%

Long term Capital Gains on sale of real estate are taxed at 20%, plus a cess of 3%, if the sale fulfils certain conditions. If you sell a property that was gifted to you, or that you have inherited, you will still be liable to pay capital gains tax on it.

One of the ways to save on your capital gains tax is to invest in bonds within six months of the trading of the property and receiving the gains.

On investing in bonds, you can claim a tax exemption under Section 54EC of the Indian Income Tax Act

Experts believe that even if you have the sums to purchase the property in one go, it is better to take a home loan.

Instead of spending a lump sum amount on the property, it is better to go for a large amount down-payment and pay off the remaining amount in higher amount, monthly EMIs, since you can afford it.

Carpet Area
It is an area that can be covered by carpet or net usable area. In simple words, it is the distance between the inner walls. It does not include common areas like lobby, lift, lobby, etc.

Built-up area
It is measured from the external perimeter wall surfaces.
In simple words, it is the carpet area plus the wall thickness as well as other unusable areas within the flat like the flower beds, terrace, dry balcony, etc

Carpet area + area of walls = Built-up area