Gaining Demand of Ready to Move in Apartments

Ready to move in apartments are emerging as the preferred choice for home buyers and the demand for newly launched units has also improved with reduction of GST rates from this month, according to a survey. The implementation of new real estate law RERA and lower GST rates have immensely helped revive consumer faith in new launch properties, according to its latest Consumer Sentiment Survey H1 2019. In a significant trend seen in Indian real estate over the past few years, ready-to-move-in properties are seen as a good value proposition for discerning home buyers as they get to buy what they see.

As per the online survey about 49 per cent respondents prefer ready-to-move-in properties while 35 per cent are looking to buy property which will be in ready-to-move-in stage within the next six months. Eleven per cent participants favoured those properties that will be ready within a year and only 5 per cent buyers want to put their money in newly launched projects.  The survey was conducted in seven major cities — Delhi-NCR, Mumbai Metropolitan Region, Bengaluru, Hyderabad, Chennai, Kolkata and Pune. So, what is it that makes ready to move in houses more attractive?

What You See Is What You Get

When you buy a completed project, doubts about the aesthetics, size of rooms, space, construction quality, fixtures and other issues are eliminated. A ready to move in flat allows you to closely inspect the structure and quality of finish. The major advantage is that home buyers are aware of what they are acquiring while scrutinising. Moreover, there is no risk of discrepancies with the guaranteed features, layout, and facilities among other important things.

GST Benefits

Taxes play a crucial role in property-buying decisions. The interest of buyers for ready apartments can also be attributed to the fact that they do not have to pay any GST, investing in a ready to move in is the most secure option and they can actually experience the project as all amenities are in place.

Rental income

If you do not want to move into the house you are buying and are planning to buy it for investment purposes, you can start earning rentals as soon as you buy a ready-to-move-in property. Rentals can help you pay some part of the EMI if you have taken a loan and enhance your returns.

From the demand perspective, as per consumer sentiment survey for the first half of 2019, a good 36% prospective buyers preferred ready-to-move-in properties, followed by 24% who wanted a property that will be ready within the next 6 months. Interestingly, if city-wise data is considered, at least 56% prospective buyers in NCR preferred ready properties over under construction ones. Developers are aware of the changing market preference and are looking to make most of this new trend.

Ambience Creacions, Sector 22, Gurgaon is a new residential project in Gurgaon by Ambience Group that offers a modern-day lifestyle of ready to move in ultra- luxurious apartments. This development offer 2BHK, 3BHK, 4BHK and luxury apartments & penthouses that are filled with luxury amenities and facilities. All three kinds of apartments are semi furnished with air conditioners, bathroom fittings, wardrobes and kitchen units. Ambience Creacions aims to deliver the apartments to be in ready to ‘move and live-in’ state. The look and feel of the apartments would be similar to that of Leela 5-star hotels. The Leela Group has partnered with Ambience on some of their retail and hospitality projects, and would be managing the ultra-luxury clubhouse at Creacions.

Majestic Clubhouse

• With modern sports facilities, party/meeting rooms, swimming pool and gymnasium, lounge, multi-cuisine restaurant, multipurpose hall, concierge services.

Modern Kitchen

• Modular Kitchen fitted with high end home appliances and electric chimney.

International Security

• Equipped with a 3-tier international standard CCTV and Audio/Video at the main door.

State-of-the-art Infrastructure

• Extensive Landscape with international standard designs and features.

Classy Interiors

• Beautifully designed interiors with centrally air-conditioned condominiums.

Bath Fittings

• Equipped with world class bathroom fittings and fixtures.

DLF The Ultima is the flagship project in the DLF Garden city area, with world-class plush amenities and the best luxury home specifications. DLF Ultima, Sector 81 is offering 3 BHK and 4 BHK ready to move in apartments come attached with a servant room.  Grand balconies overlooking spectacular greenery, lush open landscaping and water features. Creating a truly opulent and tranquil ambience to come home to. The beauty of DLF Ultima Sector 81 Gurgaon residences is the sheer comfort, luxury and happiness on offer along with good connectivity and premium amenities.

• 2 parking spaces per home for 3BHK and 3 parking spaces per home for 4BHK.
• Strategically placed between Delhi, Manesar and Gurgaon with direct connectivity to NH8.
• Apartments in 3- & 4-bedroom configurations, spread over 22 acres.
• Two large central greens dotted with spectacular water bodies.
• Landscape design by award winning designer Paul Friedberg.
• Neighbouring 1000 acres of reserved greens.
• Open-air swimming pool with water features, two tennis courts, two basketball courts, a card room and a snooker room.
• Exclusive club house, steam and sauna rooms, spa and beauty salon.
• Shopping Centre, Children’s play area and multi-purpose hall with a mini-theatre.
• Generously sized 8 ft by 25 ft veranda like balconies in some apartments.
• CCTV for common areas with 24×7 multi-level security.
• 100% power backup, 24×7 water supply.

M3M Golf Estate is an ultra-luxurious project of golf themed residential condominiums located on the Golf Course Extension Road, Sector 65 Gurgaon. The 7-star luxury project is spread across approximately 30.35 hectares of prime land in Gurgaon and is surrounded by luxuriant landscapes, exotic water bodies and lush greens. At Golf Estate Gurgaon you get the combination of ready to move in 3, 4 and 5 BHK Duplexes & Penthouses. Awarded as The Luxury Project of the Year 2019 (North) at the Remax India Estate Awards by Franchise India M3M Golf Estate epitomises luxury with noteworthy exclusive features like rooftop jogging track, all apartments facing golf course with just 2 to a core, and a “VIP” club house.

Amenities & Lifestyle Elements

• Golf Themed Landscaped greens of over 45 acres.
• 10-meter-High grand Entrance & Palm Lined Entrance Boulevard.
• Rooftop Jogging track of 250 meters.
• Rooftop Swimming Pools on Tower 9 & 17 in Fairway West
• Landscaped rooftops and terraces for pampering your visual senses.
• Verdant greens and water bodies to create a truly resort living experience.
• Concierge-on-Call to enable your luxury living to the hilt.
• Designer 9-hole Executive Golf Course and multiple sport areas spread across the project.
• Dedicated retail area to cater to daily requirements of the residents
• 3-Tier security for your complete peace of mind.

Source:

• https://economictimes.indiatimes.com/industry/services/property-/-cstruction/developers-tweak-offers-to-tap-buyers-preference-realtors-see-hope-in-ready-homes/articleshow/71251584.cms?from=mdr
• api.anarock.com/uploads/research/Indian_Residential_Real_Estate_Consumer_Sentiment_Survey_Report_H1-2019.pdf