A ready possession flat in Pune is considered an attractive investment for a myriad of advantages over an under construction flat. Let us discuss 10 key benefits today that can help me make an informed decision while buying your home or investing in a residential property in Pune.

Immediate Occupancy

This is one of the major benefits of buying a ready possession flat in Pune. Unlike under construction properties, you can move immediately in this case and save a lot of hassle and headache of waiting for it to complete.

If you are currently living on rent, a ready possession flat allows you to move in your own home, saves the rental expense and provides a sense of stability.

Financial Security

With ready possession property you have a clear understanding of all the costs involved, such as, property price, registration fees, maintenance, stamp duty, etc. Any risk of escalation of construction costs or expenses due to delay is eliminated.

You can also avail the many tax benefits or benefits from Government schemes based on your income and property value.

Peace of Mind

Unlike under construction projects, there is no risk of delay or uncertainties in the timeline with a ready possession flat in Pune. The construction quality is also clear and inspection can be done while buying the flat itself. This facilitates peace of mind for the buyer.

Lifestyle Benefits

In most cases, ready possession flats are located in areas with already developed civic and social infrastructure such as schools, hospitals, good roads, and transport facilities.

The society or community has many other flats occupied and living in an established community contributes to a sense of security and belonging.

Investment Potential

If you are buying a flat for renting out, the benefit of buying a ready possession flat is that it can immediately generate a steady stream of income.

These flats can also appreciate with time as the Pune real estate market is showing promising results.

Hassle Free Ownership

As the construction is complete, the noise and dust of ongoing construction has likely settled in your apartment building. You can start enjoying your new home without any delay or can start home decor or interior work based on your preference.

Safety and Security

Ready possession flats means the amenities are usually ready and the flat security and safety systems are well established and ready to use. This promotes a sense of relief and safety to the residents. 

Established communities foster a sense of belonging and the residents themselves maintain a neighbourly watch which is quite beneficial. 

Competitive Pricing

In some cases, one can negotiate a better deal on a ready possession flat than an under construction property. The risk of over pricing is minimized as ready possession flats are usually listed based on their actual market values. 

The Goods and Services Tax (GST) is also not applicable to be paid on ready possession flats that have received an Occupancy Certificate (OC). Hence, overall the pricing is very transparent and a better deal can be availed.

Considering the above points, you can make an informed decision about buying a home or investing in a property in Pune. Certainly there are benefits to buying both a ready possession flat as well as under construction flat in Pune. Choose the one that is best for you. Happy home buying!