Buying a property and moving into an own house is the biggest event and achievement in anyone’s life. People save money and search for their dream home for years. Buyers exercise great care, invest a lot of time and money to find the right property. After deciding on a location, they have to choose between an under construction and ready to move in property.
Here we present the benefits of a ready to occupy property. Muppa Projects has a proven track record of building and delivering renowned residential gated community projects in Hyderabad.
Immediate Possession: The biggest benefit of ready to occupy property is immediate possession. Buyers can begin living in the property as soon as they complete the purchase transaction and related formalities.
Once finalized, buyers can claim possession of the property in less than a month and move into their own house. This is an alluring prospect for buyers staying in rented houses. While finalizing the property, buyers can simultaneously plan interiors and speed up the move in process.
Verify Amenities, Community and Locality: The ready to occupy property is fully constructed and functional. Buyers will have enough time to personally check the property, common areas, community, and the nearby markets. Even better, being a ready to occupy property, buyers can also know about prospective neighbours. This will give buyers a fair idea about the property and life in the community.
Earn Rent, Saves Money: For people staying on rent, ready to occupy properties offer a saving on rental cost. They can immediately check into the new property and save on the rent they are currently paying. Indeed, buyers take a loan to purchase a property. But the ownership of the property resides with the buyer. They can choose to stay in the property or give it on rent.
Tax Benefits: Ready to occupy properties do not attract Goods and Services Tax (GST) at the time of the purchase. Additionally, buyers can claim tax benefits on interest and loan repayments. Since the property is fully constructed and handed-over by the developer, buyers can claim tax benefits on EMI and loan repayments from the first month itself.
Easy Loan Process: With the property fully constructed, banks and financial services companies find it easy to provide loans to the buyers. Read to occupy properties comes with all relevant approvals. Numerous other buyers have already taken loans for their properties and would have also taken possession of their homes. This paves way for smoother processing of loans for ready to move in properties.
Over the years, Muppa Projects has built and delivered numerous residential projects in Hyderabad. The company has a good reputation. Currently, properties are available for sale in Muppa’s Indraprastha villa – a luxury villa community, and Muppa’s Melody – a premium residential apartment community.
Indraprastha is fully constructed and more than 75% of the community is occupied by the customers. Few villas are available for sale at a special price. Construction of the Melody gated community is progressing at a brisk pace. Towers A and B are handed over to the residents. Handing over of towers C and D have started.
Construction of towers E, F and G and a second clubhouse are in a full swing. Both ready to occupy and under construction flats are available in Melody.
Contact us at 91 08 08 08 08 for a visit to Indraprastha and Melody projects. We will be happy to take you around the project and provide necessary details.