Whether you want to buy a dream home or are looking for a lucrative investment, buying under construction apartments in Hyderabad is a practical, beneficial and pocket-friendly plan.
An under construction apartment in Hyderabad’s house purchase agreement is settled at a discount rate of 20% to 40% as compared to a ready-to-move-in accommodation.
Not only because the prices are rapidly increasing but also because if you buy an under construction apartment and sell it by the time it’s complete, its value naturally multiplies.
As per a nation-wide study, Hyderabad is the only major city in the country witnessing the rise of real estate development at a steady rate. Since 2013 – 2017 it has gone up by 32%.
With the Metro Rail phase 1 almost complete and phase 2 in progress and the political stability only getting stronger post the state bifurcation, Hyderabad is being seen as a good investment area by many MNCs.
With the number of IT Hubs, corporate offices and employment opportunities on the rise, the infrastructural development and facilities in the city are only improving making it an investment-friendly zone.
Due to the implementation of the Real Estate Regulation and Development Act (RERA), you are free from the fear of being fleeced by fake builders while buying an under construction property. No builder can sell or advertise an apartment without registering with the RERA and uploading the authenticity documents on the RERA website.
Thanks to the RERA, builders cannot delay/ postpone the occupancy date promised. Otherwise, the builder has to return the entire money invested by you along with the interest.
As per the RERA, no builders can ask for an advance payment beyond 10% as the booking amount before signing a valid sale deed.
Getting alterations done after an apartment has been built can be expensive and weaken the foundation of your flat and of the apartments. Buying an under construction apartment can allow you to make all the architectural changes in the house well in time.
To invest with a builder that understands aesthetics, affordable luxury, and intelligent engineering, visit Aparna Constructions today. Apart from having varied projects across Hyderabad at different price ranges, Aparna Constructions also understand the value of your time and helps you with the legalities and house purchase agreement formalities as well.