Post-RERA, under-construction projects have
got a new lease of life and therefore, potential home-buyers should not
shy away from investing in them. Here's why...
Post-RERA being imple mented almost in all
the key leading states and with Karnataka along with Maharashtra,
leading the pack, it is extremely crucial to understand how such a big
reform will have an impact on the sector. And therefore, we spoke to
realty experts, to get a broader perspective on why should a home-buyer
focus on new realty projects and under-construction properties; since
for the longest time, they have shied away from investing in such homes,
thus leading to a lull in the market.
Areas on the outskirts have seen massive
developments in the recent past. “New locations, especially those
adjoining in dustrial areas have changed the city's landscape and are
offering a range of property and township options across categories of
affordable as well as luxury units,“ says Divya Seth, associate
director, valuation & advisory at Colliers International India.
Source : epaperbeta.timesofindia.com
PLACE YOUR BET ON NEW RESIDENTIAL PROJECTS:
“RERA empowers buyers as developers are
accountable and have to deliver whatever is promised, and within the
timelines promised. A lot of potential buyers would earlier stay away
from under-construction projects since they felt that their interests
would not be protected. However, this is all set to change with RERA
being introduced. A large portion of buyers will now be more will ing to
purchase under-construction projects, which will increase demand and
hence, price, thus making this the perfect time to buy before prices go
up,“ opines Nandan Piramal, director sales and marketing, Peninsula Land
Ltd.
THINGS TO KEEP IN MIND WHILE BUYING A HOME IN NEW PROJECTS:
It is very important that buyers don't throw
caution to the wind and instead exercise due-diligence when investing.
And with RERA a reality, RERA compliance is the first box that should be
ticked. The reputation of the builder; his past record; adherence to
government norms and timely-delivery are some other criterias, which
should not be ignored.
“Investing in the new projects by established
players is likely to yield higher resale value. When you buy properties
constructed by established players, you are likely to adhere to all the
key criteria for an ideal home,“ explains Rajeeb Dash, head corporate
marketing, Tata Housing.
MINIMISE THE RISK:
If you are considering buying a home, ensure
that your developer has applied for RERA registration as it will not
only minimise the risk, but also help you secure your dream abode
without any hassle. So, if you too have been delaying your purchase
decision, do not sit on the fence any longer but take the plunge and
invest in new projects.
BENEFITS OF BUYING PROPERTY IN A NEW PROJECT:
- New residential projects enable home-buyers the freedom to customise the apartment
- New homes are equipped with latest fittings, appliances and the best construction materials
- Newer the project, better the appreciation value
- Under RERA. all new projects will be in compliance with the regulations. This will protect the buyers from ony potential impact of delivery delays.
To Real Estate Projects in Thane or Know More about Builders and Developers in Thane Contact Us at 022 2580 6868
Contact
501, 5th Floor, Plot No – A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane
– 400 604, Maharashtra, India
Mobile : (+91) 9833 4583 23 E-mail: mchithane@gmail.com
501, 5th Floor, Plot No – A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane
– 400 604, Maharashtra, IndiaMobile : (+91) 9833 4583 23 E-mail: mchithane@gmail.com
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