Most of the home buyers may get confused about whether they should choose to buy a ready-to-occupy home or under-construction project while looking for a new property. Buying a ready-to-occupy home comes with many advantages. If you want to ensure a hassle-free home-buying experience without being duped, it is better to go for a ready-to-occupy apartment or villa project.
Thrissur, the cultural capital of Kerala, has seen a sudden real estate boom. Confident Group offers a range of exclusive ready-to-occupy residential projects in various sought-after localities in Thrissur.
Listed below are a few reasons why you should bank on a ready-to-occupy project in Thrissur.
Ready-to-move-in properties offer instant fulfillment & gratification of owning a property that is ready for use. You get what you see. You get to experience the quality of the final product during the site visit. Buying a ready-to-occupy home will give you an instant sense of gratification as a homebuyer.
One of the biggest advantages of buying a ready-to-move-in project is that you need not wait for the project to complete its construction.
Although the developers try to deliver homes as per the specified deadlines, due to unexpected circumstances, the projects may get delayed. In the case of a ready-to-occupy apartment, homebuyers need not face the unnecessary challenges involved when the project is delayed.
Ready-to-occupy projects leave no room for uncertainty. You and your family members can get a clear idea about the home that you are buying. You can be assured of the key aspects of your home like the space and size of the rooms, amenities that are available and, also of the quality of the fixtures and the overall construction.
It is very likely that many aspiring homebuyers would be staying in rented accommodation before buying their dream home. But if you are buying a ready-to-occupy apartment with a housing loan, you can avoid paying the monthly rent and pay the loan EMI instead.
Ready-to-occupy projects are exempted from the goods and service tax (GST). In the case of under-construction projects, developers will charge GST at the rate of 12% with ITC or 5% without the ITC. Thus homebuyers of ready-to-move-in apartments can save the cost of GST.
First-time homebuyers and affordable segment home buyers can avail attractive tax benefits under the Income Tax Act. Under Section 80C, homebuyers can claim deductions on the principal repayment of the home loan, which has an overall limit of Rs 1.5 lakh. In the case of self-acquired property, the limit is up to 2 lakh for payment of interest under section 24(b). Also, homebuyers can avail of all these tax benefits only after they get the possession of the property once its construction is complete.
Are you an aspiring homebuyer looking for ready-to-move-in homes in Thrissur? Choose from two exclusive projects by Confident Group – Confident Maple and Confident Lotus at Chelakottukara and Christopher Nagar, respectively. These homes are designed to offer the homebuyers a one-of-a-kind lifestyle in a premium residential locality in Thrissur. For more details, visit our office located in Veliyannur, Thrissur.
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