Buy Cheaper Flats in Resale

Over the past few years there were predictions that the property rates in Delhi-NCR will slash down offering the buyers a much needed relief. But despite all these speculations nothing came to the rescue of the buyers till now. In this scenario what should a buyer do? Wait for the prices to slash down or take the risk at the glossy schemes offered by different developers?

Do not worry and stop putting too much of your head in this as we will give you a third option. “Resale Flats” are a great option to own a dream house and that too at a very affordable price range. Resale flats can be a great deal as most of them have not even been lived in and the developer are ready to offer great deal of discount on them.

Now you must be thinking that why the resale flats are so cheaper?  Well there can be many reasons for this. One of them is that these houses have been snapped up by buyers and investors during the pre-launch phase to gain profits in the coming times as at that time they had to pay only down payment.

"Many investors book a property at the initial stage just to make a small profit. If they want to make a quick exit, they will price it cheaper than the one offered by the developer, for a faster sale," says Yashwant Dalal, president of the Estate Agents Association of India, an apex body of real estate developers.

Another reason is that a lot of investors who book flats during soft launches are offered heavy discounts by builders. "To get funding before construction commences, builders offer investors at least a 20% discount to the prevailing market rate," adds Dalal.

Posted in: property prices in noida,resale property in noida