Which Works Better in the Present Indian Realty Market | Kolte Patil Centria

Which Works Better in the Present Realty Market | Kolte Patil Centria

Your home is your dream palace in which you invest all your time, money and knowledge to finally see the structure of your fantasy taking shape. But you face a great deal of dilemma while buying a home- one such problem is whether to buy a brand new home or a resale home.

There are certain advantages and disadvantages of buying a new home or a resale home.

You can always customize your brand new home, you can design its interior, the color of the walls, the type of flooring or the kind of doors you want to use. On the other hand, a resale home has all these specifications already done and you have no choice but to accept the deal to buy it.

One more reason for buying a resale property is the lack of projects at the location you want to settle, due to this you might have to buy resale houses where they already exist.

There are certain financial benefits of a new home if you are taking a home loan, a buyer can decide a tenure up to 20-30 years according to his needs on a fresh property but an old property which is above 50 years can’t avail you a loan. One such new property is Kolte Patil Centria by Kolte Patil Developers in Undri, Pune. This project has been launched and is under construction and is open to possession from Oct'21.

Kolte Patil Centria - Undri Road, Pune

There are many advantages too for a resale property. You can get an immediate possession, there is no risk of the house of not meeting the expectations as there might have been people already lived there. Not all resale properties are old, there are a lot of recently-built houses owned by the middle parties who have bought the property in its launch stage and intend to cash it out when they are making the highest profit. This might also get resale homes at a cheaper price than the new ones.

The home loan rates have come down to 8.5% compared to as much as 10% in the earlier times when property rates in India were on an escalating trend. Many resale properties must have been purchased at that time and may be expensive than today’s property trend.

Both the types have its own pros and cons, it's up to you to decide and bag a better deal.

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