ready-to-move-apartment-In-Chennai

7 Reasons To Invest In A Ready To Move Apartment In Chennai

Getting a house in Chennai is one of the most satiating experiences and rewarding investments that you can have and make. The thought of getting a house in Chennai can come with the question of whether to invest in an ongoing project or buy a ready-to-move-in apartment. Both have their pros, and this blog will exclusively talk about why investing in a ready-to-move apartment would work the best for you. Buying an apartment in Chennai is one of the best decisions to make, and if you are looking for reasons to invest in a ready-to-move apartment in Chennai, then go through this blog.

Is Buying An Apartment A Good Investment Option

Residential properties have time and again been the most preferred form of investment option that people have invested in to gain good monetary returns.
Buying an apartment can be one of the best investment options to make, as it comes with many benefits.

  • It’s a long-term investment for those looking to find a permanent and long term residence for themselves.
  • Investing in an apartment will come in handy to generate passive income if you are planning to rent out or lease out the apartment.
  • The return on investment and appreciation value that an apartment in the prime hub of the city offers is enormous.

Let’s look at some of the main reasons to invest in a ready to move apartment in Chennai

1. It has a comparatively lower cost

When you intend on getting a ready-to-move apartment in Chennai, it comes with numerous benefits like lower cost, construction delays and much more.

In general, when you invest in a ready-to-move apartment, you make a one-time payment of a huge sum and would be done with it. Whereas when you construct a house for yourself or invest in an ongoing project, you would be spending money in installments from time to time.

It also comes with huge benefits in terms of tax when comparing an apartment in construction and a completed project.

The cost affairs involved is one of the major reasons to invest in a ready-to-move apartment.

2. It is absolutely new, and you get what you see

When you get a ready-to-move apartment, you will be guaranteed to get what you see.
When it comes to getting ready to move in apartment, the buyer gets exactly what they see. Also, the apartment is absolutely new, and this ensures that there is nothing that can go faulty or might need repairing for a few years or so.

When an apartment is new, the life of the property is longer as well, and the future growth that it offers is exemplary. This is one of the major reasons to invest in a ready to move apartment in Chennai. This is all the better the best reasons to invest in a ready to move apartment.

3.There is no waiting period involved

The greatest reasons to invest in ready to move apartment is you will have an immediate handover of the apartment property after undergoing a certain registration process.

In most places, there is absolutely no cost involved in reserving the property, and you just have to pay the sum of the completed project cost. Whereas, with regards to an ongoing project, you have to wait till the project is completed to start a living.

Zero downtime involved is one of the best reasons to invest in a ready to move apartment in Chennai.

4. You can easily save on rentals and building cost

One of the biggest benefits of getting an apartment space for yourself is that you will be free of rentals that you pay every month. When it comes to getting ready to move in apartment, you will be saving up on a lot of time and money involved in waiting for the completion of an apartment in progress.

And, when it comes to building a residence for yourself, you need to invest alot of money, time and energy in it.

Do you know that building materials prices have increased by 20.4% over the year and continue to rise by 33% since the pandemic?

In getting a ready-to-move apartment, you can avoid these costs, energy and time spent. This is one of the notable aspects and reasons to invest in a ready-to-move apartment in Chennai.

5. Great appreciation value and return on investment

A good appreciation value and return on investment are one of the biggest contributory factors that add great value to getting a ready-to-move apartment. Nowadays, apartments are preferred by many to carry out a safe and comfortable living. Hence, this ensures a good handover and resale value for buyers who are looking to get an apartment.

6. You can yield the rental income from day 1

Renting out apartments for rents and leases is one of the popular ways of generating passive income and one of the strong reasons to invest in a ready-to-move apartment. If you are looking for a long-term investment that also provides you timely returns and helps in the longer run, then getting a ready-to-move apartment is the key.

It is found that apartments across the country witness a rental yield of 3 to 6 % per annum in the first few years of renting out.

7. Saves up money on maintenance and repair

One of the biggest benefits of investing in a ready to move apartments is the fact that one needn’t spend a lot of money and energy on maintenance and repair costs. Although a minimal maintenance amount is applicable, it doesn’t cost a lot. Most of the apartments are a part of the community where maintenance activities will be taken care by the apartment community owners.

Why getting ready to move apartment in Fomra the best decision you can make?

If you are looking to buy an apartment in Chennai, then go ahead and contact Fomra, as they are one of the leading apartment providers in the city. If there are any suggestions or queries, let us know in the comments below.

Leave a Reply

Your email address will not be published. Required fields are marked *