Pune is known to be one of the fastest-growing real estate markets in the country. The growing IT, automobile, and manufacturing industries are contributing to the economy of the city making it a hub for employment. Pune is also an educational and cultural destination attracting many students who tend to settle in the city. This has created a continuous demand for housing and real estate resulting in many upcoming and under construction projects in Pune. Outskirts of Pune like Chakan are favourable for homebuyers seeking affordable projects. Under-construction projects in these localities can help homebuyers save significant funds.
Let us look at why under-construction flats for sale in Chakan are beneficial.
1. Price Difference
Under construction project prices are lower than ready-to-move projects as the developer wants to market their project to get approvals and loans. The price of these projects increases after the RERA certification. By purchasing the property at this stage homebuyers can avert the price and rise. Most builders also offer lucrative schemes during festivals and special occasions to increase bookings. These schemes help save significant funds.
2. Customization
Booking during the under-construction phase can offer a significant advantage. Homebuyers can choose the floor, preferred flat with views, floorplan, stairs, etc. of their choice while staying within the pre-launch price. Homebuyers can request the developer for specific changes in design and layouts during this phase. Other customization like merging apartments and color specifications etc can also be accommodated. The funds saved by booking the apartments in the under-construction phase can be used to buy furniture or other interior work.
3. Flexible Payment
Developers of under-construction projects offer easy and flexible payment plans to early home buyers. The payments can be made after a significant break when the project is ready for possession. This period can be a few years long allowing home buyers a breather to arrange and collect the funds. Projects like Intercontinental Urbana in Chakan offer many benefits like flexible payment plans and other perks for their under-construction projects in Chakan.
4. Value Appreciation
Most under-construction projects experience price hikes between 10% to 40 % on completion. This can add great value to the investment in a short period. Under-construction flats for sale in Chakan are a good investment option for investors and home buyers alike given the growth potential of the region in the coming years.
Investing in under-construction projects can be very lucrative only after the due diligence is conducted. Investors should research the developer and their previous projects thoroughly before committing. They must choose projects by reputed developers with a good record of completing and delivering as per timelines.
