May 16, 2023
Mr Rakesh Reddy, Director , Featured Article on Construction Week Online
The Real Estate Market of India constitutes diverse options when it comes to serving aspiring homebuyers. Choosing between a property that is under construction and a ready-to-move-in home is the most crucial factor to take into account when buying a new house. According to real estate developers, the demand for ready-to-move homes has significantly increased in recent years, surpassing the figures seen in the prior decade. All market categories, even those for affordable and upscale residences, have seen this tendency.
The rising demand for ready-to-move homes was largely fueled by the pandemic; however, other reasons, such as the GST exemption and distant employment opportunities, also had a role. Prospective buyers are reluctant to invest in projects that are still under construction and may not be finished within the specified time frame, so they prefer ready-to-move-in homes. Due to its quick occupancy after purchase, the convenience of a ready-to-move property enables the buyer to organize their relocation with greater ease.
A ready-to-move home also has the benefit of being clear on all of its qualities, including construction quality, space availability, unit views, amenities, and parking space. You may inspect everything from fixtures to the kinds of tiles utilized rather than solely relying on photos. After possession of the home is obtained, this means there are no surprises. This makes the process much clearer for the homebuyer and gives them confidence in the home they are buying.
Considering the last few years, it is clear that homebuyers’ preferences are changing at a surprising rate. Our Director Mr. Rakesh Reddy has shared his understanding of the same with respect to the expertise he acquired in time. Click on the link to read his conversation with the renowned Construction Week Online magazine.
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