Whenever you are thinking of investing in property in Bengaluru’s Hosur Road, your mind gets bombarded with questions. One such question that will surely boggle your mind is – should I invest in a ready-to-move property (RTM)? While there are numerous benefits of investing in Bengaluru’s RTM properties, here we will discuss a bit about the financial benefits of taking such a decision. In Bengaluru, the demand for ready-to-move properties is always high. If you are looking for residential projects on Hosur Road, you will be spoilt for choice.
One of the primary reasons for the high demand of ready-to-move flats for sale in Bangalore is the high percentage of job seekers and settlers here. The IT industry employs thousands of working professionals every year. The number is increasing. These people have great jobs and good money. Plus, they don’t have all the time in the world to invest in under-construction properties. These people are looking for quick accommodations. They are okay to stay on rent for a while but they are also on the lookout for RTM properties.
There are many who opt for under-construction properties too because they have the option of lower rates and staggered payments. However, they do not fully realize the financial risks of such properties. Even though government initiatives such as RERA aim to bring in transparency, the risks still remain. Hence, ready-to-move flats for sale in Bangalore are your best option.
There are numerous residential projects on Hosur Road that are ready for you to move in, especially if you are in a hurry to move in. Moreover, consider the EMI payments. If you are living on rent, and you choose an under-construction property, you will have to make both payments every month. Even though EMIs generally start once construction is complete, in case of a delay, your EMIs will start the moment the loan is disbursed.
It is common that one moves into a property with a lower rent, as the EMIs burn a hole in his/her pocket. Thus, if you consider these situations, ready-to-move flats for sale in Bangalore seem like the better alternative. With RTM properties, you either do not have to pay rent or you simply put up the RTM property on rent to pay the EMIs successfully. This is way better!
It is true that reputed builders hardly ever default on handing over possession. However, delays can be due to reasons beyond human control, changes in policies etc. Lastly, under-construction properties are not as liquid as ready-to-move flats. You can sell off an RTM property easily. This is not the case with the other, more so at the price you want. Thus, ready-to-move residential projects on Hosur Road ensure instant satisfaction for the money you pay.