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Track2Realty Focus – 2013 Indians prefer ready-to-move house; find new launches risky

February 4, 2013

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Manoj John VP, Corporate Planning & Strategy of RNA Corp rather questions the purpose of purchasing a property before making a statement on ready to move or under construction.

“If it is investment, then property under construction is generally preferred; first home or self use buyers tend to opt for ready to occupy flats. End users hoping to buy their first house look for ready to occupy apartments, as this will save them from the rental payments of their current accommodation. In some instances the buyer also wants to de-risk himself from delays in construction and is ready to pay a premium for ready – possession properties. However, from an investor’s point of view, ready to occupy flats would fetch lower returns on investment vis-a-vis flats under construction, even though there are far less risks associated with the first option.”

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