5 Reasons why you should buy a ready to move in house

5 Reasons why you should buy a ready to move in house

Ready to move in or ready to occupy homes are the complete projects that give you the keys to your dream home within a matter of days. In the age of real-estate dawn that has made property purchase an extensive process entangled by laws and norms, ready to move in property is the ultimate solution saving you from all the hassle. Such properties are often misunderstood as restricting the buyer’s hand over the design of the project, but the truth is that most urban homes come with a very workable and technologically advanced process of construction that don’t give much room for a buyer’s thought, keeping in mind the efficiency of the project for both the buyer and the developer. Urban projects, particularly high-rise structures designed to structural conformity, are the ones falling in this category, performing the best when they become ready to move in properties. The primary focus in the projects is broader – towards solving the urban land-scarcity to build better cities.

Long story short, home dream story is shorter with a ready to move in house.

At the time where the project completion time announced by developers has increased from 3 years to 6 years in average, due to strictness of the RERA act re-assuring the timeline adherence of these developers, ready to move in homes are the best options one could get.

Convinced already? Explore the best range of ready to occupy properties in Chennai.

Not convinced yet? Read further on why you should buy a ready to move in house.


1. The Time Factor

Ready to move in properties come with the readiness right by their category name. The time between ‘seeing the home’ and ‘being in the home’ is as small as the hassle involved. Here, the house is not dependent on the developer’s liquidity, making it go for the complete projects with dependency on the developer only for nothing other than the quality. A clear track forward is seen and the ownership is easy & quick since the properties are already built and feasible for dwelling.

Reports state that close to 8 lakh housing units will be ready to occupy in the year 2020, increasing the chances to avail ready to move in homes in this year.

Looking for the trending ready to move in home in Chennai? Know about Jains Anarghya in Pallikaranai, Chennai.


2. The Zero Uncertainty-Zero Risk situation

The next stage of time factor is the uncertainty that it brings. A longer completion time might make it increasing prone to liquidity risks (Builder’s bankruptcy) , natural event risks (Calamities/Disasters etc.), market risks (Price changes etc.) and more. This is entirely eradicated in ready to move in homes where future possibilities in the very attainment of the property need not be evaluated, cutting a great deal of hassle.

With these properties, one can have sufficient freedom to choose the most profitable purchase where there is sufficient time to do the analysis on the location, neighbourhood, future scope and other benefits prior to purchasing the property. The livability factor can also be assessed by interacting with the people (soon-to-be neighbours) who have been staying in the same apartment complex or any other (since ready to move in properties have previous buyers who have started living in it), to get the real-time idea of how it’s like to live in the place.

“Well done is better than well said.” -Benjamin Franklin

But when the well-done work is said by the people who have experienced it, it’s all the more valuable.

It is wise to take a look at the testimonials of the home buyers before buying a property to be certain of the services, eliminating the risk of any property-related event.


3. The GST Benefit

It is infamous that GST is applicable for under construction properties only. As per the clarification from the Ministry of Finance, GST (Goods and Services Tax) is not applicable to ready to move in properties which could add a great deal of savings on your investment. This amount that can come upto 12% with the addition of Input Tax Credit (ITC), could be a beneficial option while buying a new home.

Read more on the GST considerations elaborated by Ministry of Finance.


4. The Pro of Tax Deduction

In any property, post construction and possession, tax deductions are applicable. Since ready to move in properties meet all the requirements, tax deductions are quick and attainable.

As per Income Tax Act 1961,

  • A homebuyer who has got a home loan can claim tax deductions against principal repayment under section 80C.
  • The claiming can be done in five equal installments.
  • One can avail deductions upto Rs.2 lakhs. In under construction properties, the limit gets reduced to Rs.30,000 if the completion exceeds 5 years. This situation is eliminated in ready to move in properties.
  • Additional deductions are applicable for the first-purchased property and affordable properties.


Read more on tax deductions.

5. The Ease of Loan Sanction

The ready to move properties that come under “finished construction” are easy to be processed and sanctioned due to its transparency. They come with more credit facilities and better terms for such categories. Yet, a prior preparation for immediate down payment, registration fees etc. are required while availing loan for ready to move in properties.

Ready to move properties are entirely “ready” for you.

Why wait? Look into the list of ready to move in homes at Jain Housing before going for the regular!


Akshaya Muralikumar is an avid architect turned writer who strives to explore the depth of details in the subjects across Construction, Architecture, Interior Design and Marketing. Being "An Architect of thoughts" she has been 'building' her thoughts across multiple web and print media.

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