India’s real estate is anticipated to reach a worth of US$ 1 trillion market by 2030. Hence, whether it’s great returns, consistent cash flow, long-term security, or tax advantages, investing in real estate always has a lot to offer.
Are you considering buying a property in Pune? If yes, then you should definitely consider investing in an under-construction property. Even though the process of buying an under-construction property is a little more complicated and risky than buying a ready-to-move-in property, there are many advantages of investing in an under-construction property. Sukhwani Constructions, one of the best builders in Pune with a proven track record of delivering quality projects on time, have a wide range of under-construction properties that are suitable for investment.
In this blog post, we enlist the reasons why you should consider investing in under-construction property in Pune.
Reasons for investing in under-construction property in Pune:
You can get the property at a lower price: One of the main advantages of investing in under-construction property is that you can get the property at a lower price than the market value. This is because developers, such as the top builders in Pune, usually offer discounts during the pre-launch or launch phase to attract buyers.
You can choose the location: Another advantage of investing in under-construction property is that you can choose the location of your property. Developers, such as Sukhwani Constructions in Pune, usually have ongoing projects in different locations, and you can choose the one that suits your needs and budget.
You can get customized features: If you invest in under construction property, you will also have the opportunity to get customized features as per your requirements. The top builders in Pune usually provide an option to make changes in the layout or design of the unit before it is completed.
You can avail of tax benefits: Under-construction properties also offer certain tax benefits that completed properties do not. Section 80C of the Income Tax Act allows a deduction of up to Rs. 1,50,000 for payment made towards the purchase of a house. This deduction is available for both self-occupied and rented properties.
You can get better financing options: Banks and other financial institutions are usually more willing to lend home loans for an under-construction property than a completed one. This is because the risk involved in lending in under-construction proper is lower as compared to ready-to-move property. Thus you have better financing options when you invest in an under-construction property. Sukhwani Constructions in Pune have tie-ups with banks and other financial institutions. Thus, we can help you in easy availing of home loans.
You can get capital appreciation: Capital appreciation is the increase in the value of your asset over time. Under-construction properties usually appreciate at a faster rate than completed properties because when you make an investment in a property that is being built, both the value of the property and the neighbourhood will increase. The return on investment for under-construction projects will also keep rising, depending on the location, upcoming infrastructure, and employment hubs.
Pune real estate market is going through a boom, and this is the best time to invest in property. The demand for under-construction properties has increased due to the increasing population and migration of people to Pune.
Conclusion
Sukhwani Constructions, the best builder in Pune, aim to build and renovate top-quality, sustainable homes at a cost-effective rate. With more than 30 years of experience, we have earned the recognition of being the most trusted and best developer in Pune. We have completed a number of residential and commercial schemes in and around Pimpri. We currently work on a number of projects, including residential and commercial developments, and mini-townships in prime locations of Pune.
If you are interested in buying property, invest in the under-construction properties from Sukhwani Constructions.
