Despite the slump in the real estate industry, ready to move flats in Noida, and surrounding areas continue to be highly popular. This includes both big and small developers. One of the biggest reasons for their popularity apart from their affordability happens to be the connectivity options.
Noida is well-connected by almost every road, including the NH-24. However, what attracts home buyers the most is the metro connectivity. With the proposal of the Noida metro to extend it further deeper into Noida, ready-to-move-in apartments are now being lapped up by eager buyers.
Additionally, the prices of under-construction properties tend to fluctuate and their deadlines for handing over are more often than not missed by realtors. A 12% GST is also imposed on under-construction properties. In contrast, ready-to-move-in properties are delivered almost instantly and are considered a better proposition when it comes to reselling.
No service taxes are levied on ready-to-move-in apartments. They also help earn a good amount of rental income if you decide to move in later. This rental amount can be used for paying back the home loan EMI.
If you are planning to buy a ready-to-move in-house in Noida and want to avail of a home loan, then there are many financial institutions like Bajaj Housing Finance that offer home loans of up to 3.5 crores at very attractive interest rates and tenor of up to 20 years.
The process requires very little documentation and is almost entirely online. If you are interested, you can visit the website of any such financial institution to know more.