by Vinod 
In under construction property Most of the home buyers are confused to invest in Latur city.
While it is true that ‘what you see is what you get’ with a ready-to-move property, there are many hidden benefits when buying an under-construction property.
We must understand that as the construction of property in Latur city increases, so does the price of that property. This is mainly because as the development of the surrounding area increases, so does the value of the property.
Thus, if location, property size, facilities, builder etc. If things remain the same, the price of ready-made property can be much higher than that of under-construction property. The price difference can vary by about 10 to 30 percent.
Thus, although the waiting period for an under construction project in Latur city is long, the price difference is worth it.
Another advantage in Latur city is that investing in under-construction properties offers higher returns than ready-to-move properties. If you buy an under construction property in the initial stage and you sell the property after its completion, you will get a very good return
Builders in Latur city usually offer a lot of offers and discounts on under construction properties making it cheaper. With such price advantages, it becomes more prudent to buy an under construction property. Also, you can monitor the construction from the beginning; This means you can see the quality of materials used during construction and the quality of materials used for fittings and fixtures; And note whether they are being used as promised by the builder.
With ready-to-move properties, you never know if the quality of construction matches the promises made by the builders. You can also compare prices and get the best deals. The biggest advantage comes in the form of installment payments. Generally, you have to pay around 10% of the house price as booking amount and the remaining amount can be paid over a few years. The duration depends on how fast the construction is going to be completed. This way you will get flexibility from financial burden.
There are a few things to keep in mind before investing in under construction property in Latur city.
1 Check if the property is registered with RERA:
When a property is registered with RERA, the builder is forced to complete the construction within the stipulated time frame. It provides security to the investor to get the house on or before the date of possession.
2 Check Builder Credibility in Latur City:
Make sure the builder is an experienced and reputable builder. A fraudulent builder can cause huge losses to the buyer. Always try to choose a reliable builder who has been in the real estate business for many years.
3 Check if property is applicable for bank loan in Latur city:
If you are planning to go for an under construction project, go for bank approved projects. In this way, the bank can evaluate the project and understand the credibility of the developer before sanctioning the loan.
All projects of Sahyadri Properties are applicable for bank loans.
4 Verify the Builder-Buyer Agreement:
There should be a builder-buyer agreement when buying any under-construction property. Read each line and understand each noun and clause. Note if the completion time is specified or uncertain.
conclusion
We, at Sahyadri Properties Latur, bring you apartments with high quality craftsmanship, attention to detail and dedication to offer you the ultimate living experience.
With a strong and efficient team on board, we promise to provide you with accommodation that will enhance your quality of life and experience moments that will last a lifetime.
Wishing you a pleasant home buying experience in Latur!
