Skip to main content

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.

Suggested Topics: Home Financing Options for NRI Buyers, Important Things to Remember Before Purchasing a Flat in Pune, Will GST on Real Estate Benefit Home Buyers and the Sector

Labels:
Location: NIBM Undri Road, Kondhwa, Pune, Maharashtra 411048, India

Comments

  1. a2zresidentialsolutionsJuly 31, 2018 at 11:27 PM

    Great project details about kolte patil centria ,it has good connectivity and convenience. You can also check out my blog on prestige projects here https://penzu.com/p/9f71ffe9

    ReplyDelete
  2. UnknownFebruary 27, 2019 at 4:40 AM

    This project is real one of the good option for property buyer in India. You can also go with Godrej Retreat Kharghar

    ReplyDelete

Post a Comment

Popular posts from this blog

Will GST on Real Estate benefit home buyers and the sector?

Impact of GST on Real Estate The recently implemented tax GST (Goods & Services Tax) which gained mixed reactions from the people is also applicable in the residential real estate transaction. Residential construction services will invite 12% of tax and is applicable to the developers selling residential units before completion of construction to the home buyers. Cement, sand, steel attract GST and hence the prices along with GST on the property also goes up. The luxury property is entitled up to 12% GST and affordable housing projects are exempted from the GST. If the occupancy certificate for the project has been received, then, no GST will be applicable. GST has also been levied on the renting of residential property. It is advised to the buyers to be aware when the builder asks you to pay just 1% or a very nominal payment and the balance after possession, you will still have to pay the GST on the full amount. Which is a bit more money from your pocket where you need ...
2 comments
Read more

Commercialization of Metropolitan Cities Have Paved Way to Residential Growth

Commercialization of Metropolitan Cities Haved Paved Way to Residential Growth As we all know Pune has progressed a lot over the years as far as standardized living is concerned and the real estate business has taken huge strides in order to cope up with the pace of commercialisation that leads to more and more employment opportunities. Bangalore being the It capital of India is also the best place to invest and get increased returns. Pune and Bangalore are the most promising cities for the professionals who want to avail the best opportunities and prosper. The modern populace of these cities that are heading towards the availability of all sorts of modern convenience under one roof. Hence the demand for housing and exponential raise in the real estate market is seen in the past years. Pune, the eighth largest metropolises in India where the real estate sector is showing clear signs of getting corporatized. Information technology, engineering and automotive companies are sprouting...
2 comments
Read more