Reasons to Buy Ready to Move Flats in Bangalore

Thousands of job seekers and IT professionals settle down in Bangalore every year. The thriving IT Industry and ample job opportunities have increased the demand for ready-to-move flats in Bangalore. 

These property types are suitable for those who do not know the local real estate market. Moreover, individuals with busy schedules can also go for this option. 

With ready-to-move flats, they don’t need to wait too long for possession. Furthermore, it saves the headache of the time-consuming house construction process.

This post explores reasons why one should consider ready-to-move flats in Bangalore. Before we move further, let us learn what exactly a ready-to-move property is.

What Does Ready-to-Move Apartment Mean?

RTM or ready-to-move apartment is a housing property that is fully completed and ready for possession. 

You do not need to worry about construction or finishing. Simply bring your belongings and start living in the house. It does not require you to wait for any additional work or modifications.

Browse ready-to-move-apart apartments in Bangalore with Ceyone now.

Advantages of Buying Ready-to-Move Flats in Bangalore

Instant Possession

One of the biggest threats in the real estate market is never-ending ongoing construction. We often hear the news of people waiting for homes to be completed for years. 

With ready-to-move properties, you do not need to worry about construction delays. There is no uncertainty about delays. 

These properties are beneficial for individuals seeking immediate relocation to Bangalore. 

If you also can’t entail waiting periods, ready-to-move flats in Chandapura, Bangalore are waiting for you. 

Save Rental Cost

Relocating to a city like Bangalore can be tough. Finding rental property and then a permanent house is another big challenge. 

As ready-to-move flats in Bangalore give you immediate possession, you can save on rental expenses. You do not need to find any temporary accommodation. 

No Uncertainty

One of the primary benefits of buying ready-to-move properties is that you get a sense of security. 

You can physically visit the property and inspect everything with your eyes. It also helps you understand the exact location and layout of the property. 

When you invest in move-in-ready property, you naturally mitigate the risks associated with under-construction properties.

Potential of Rental Income 

Individuals can rent out their ready-to-move flats as soon as they get possession. The immediate availability of property lets them initiate the rental income immediately. 

Established Infrastructure

Ready-to-move properties are generally in well-established neighbourhoods. You won’t need to worry about proximity to schools, hospitals, shopping centres and public transportation. 

Therefore, such properties are in demand nowadays. For example, ready-to-move flats on Sarjapur Road are the most sought-after due to heavy infrastructure development.

No GST

Another benefit of buying ready-for-occupancy flats is that you do not need to pay GST. These properties are exempt from GST. 

GST applies on the sale of under-construction properties that don’t have an occupancy certificate.

Get House in Prime Locations

Generally, land prices are very high in all prime locations of Bangalore. It’s not easy for middle-class people to buy independent houses in such areas. 

Additionally, getting approvals from The Bruhat Bengaluru Mahanagara Palike is another big challenge. 

Ready-to-move properties allow you to have a house in the main areas. For instance, you can explore numerous ready-to-move flats for sale in Electronic City. 

The good thing is that you can buy 2 or 3 BHK ready-to-move flats as per your budget. 

Quick Loan Approval

With ready-to-move properties, the risk is negligible. Consequently, banks and other financial institutes do not hesitate to provide loans for such properties. 

Additionally, as the construction of the property is already completed, it serves as collateral for the loan.

No Legal Complications

You don’t need to be bothered about the legitimacy of ready-to-move flats in Bangalore. As the property is built, its property-related documentation will be clear.

Peace of Mind

Above all, a move-in ready flat or apartment gives you great peace of mind. These property types ensure a stress-free home-buying experience.

Ready to Move In Property: The Pros and Cons

Below is a quick comparison of the pros and cons of a ready-to-move-in property.

Pros:

• No waiting period. Buyers can move in right away.
• What you see is what you get. You don’t get any surprises in the final deal.
• No worries about construction project delays.
• Ready-to-move properties come with basic fittings and fixtures.

Cons:

• Minimal scope for customisation as the property is already built.
• Generally, you get limited choices in terms of layout and design.

Conclusion

Buying ready-to-move flats in Bangalore can be an excellent choice. From immediate occupancy to escaping a house construction hassle, ready-to-move properties offer various advantages. In addition to this, such properties have less financial risks. 

The dynamic real estate market of the city makes ready-to-move apartments/flats attractive to people of different income groups. You can easily find up to 4 BHK ready-to-move flats in Bangalore.

Do you want to check out ready-to-move flats for sale in Bangalore? Do not know how to get started, visit Ceyone.

Frequently Asked Questions

You can consider such property if it meets your requirements and budget. If you are planning to settle down, it can be a good choice. However, from the investment point of view, it is not an ideal decision. Check out the condition and legitimacy of the property before purchasing. 

First, determine your requirements, research neighbourhoods and then shortlist properties. Thereafter, you can conduct a site visit and verify legal documents. 

We recommend engaging with a reputed real estate agent to initiate the purchase process.

Ready-to-move properties are less risky compared to under-construction possessions. However, it is crucial to conduct systematic due diligence regarding legalities. Do not forget to check future market trends before making the final decision.

Make sure you have at least 15% to 20% money required for a home purchase. You will pay it as a down payment. If you have a good credit score and the necessary documents, you can obtain a mortgage from banks and house financing companies.