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Why a Prefer a Ready to Move Flat?

Shopping is less demanding when you have lesser choices to browse. In any case, now since the whole land industry is at its pinnacle and there is abnormal state of rivalry among the manufacturers, it has turned out to be truly troublesome for a purchaser to discover his fantasy home. There are endless choices in all costs and setups running from new dispatch to Ready To Move Flats in Noida. So it gets to be distinctly confounding for the homebuyers regarding what they ought to pick.

Here, we will discuss why a prepared to move house ought to be favored over the under-development alternatives and how they vary on the premise of differed parameters :

Based on Price

Since the price of a property is inversely proportional to the stages of its construction, it is quite obvious that the price of ready to move options will be higher than that of its under construction counterparts, even if situated in the same location. Ready To Move Flats in Noida offer you a chance to shift to the new home immediately that saves you the rents at other places. On the other hand, if you buy an under construction house, you will have to pay a substantial amount as interest on loan in addition to your current rental which reduces its viability.

Based on Tax Edge

Tax experts say that it is not easy for you to claim a tax deduction in case of an under-construction property. Apart from the tax paid on the interest on home loan, you can also get a deduction of 1 lakh under section 80C of the Income Tax Act. However, this is only applicable for the properties that have already been completed. You cannot claim this deduction if you have brought an under construction property. Moreover, project delays have also become a common phenomenon in the Indian real estate market, which is why the buyers are also not able to claim 1.5 lakh tax deduction on the interest paid on home loan.

You should opt for Ready To Move Flats in Noida instead of under-construction flats because the tax benefit is zero when you buy the latter. Because you have already paid the amount as interest so when the benefits are received, it is nullified. Service tax is also levied on the builder on their under-construction properties and this amount is disbursed among the homebuyers as a part of the property price.