Cheaper flats in the resale market is Good option for Invest money in properties.
These Flats are not old or re-moulded apartments. Quite a few of these houses have not even been lived in, but you can still get them at a discount to similar houses within the same project or vicinity. If you’re wondering why resale flats are cheaper than the new ones being offered by the developer, it can be due to various reasons. One of them is that these houses have been snapped up by buyers and investors during the pre-launch phase with the intention of selling them after about three years to earn a profit. At this stage, they were only required to make the down payment.
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.