Benefits of Investing in Ready-to-Move-In Apartments in Greater Noida
May 02, 2024
Greater Noida is a rapidly developing city near Delhi, making it a great place to invest in ready-to-move-in apartments. Immediate possession is a major advantage, instead of waiting years for under-construction projects to be completed. Ready-to-move-in apartments are also exempt from the 12% Goods and Services Tax (GST), making them more affordable than under-construction properties which attract this tax.
Another significant benefit is the ability to earn rental income right away due to the high demand for housing in Greater Noida. You can start generating returns on your investment as soon as you purchase the apartment. These apartments often come equipped with modern amenities like gyms, swimming pools, parks, and community centres. Such facilities not only enhance the living experience but also increase the property's value, making it more attractive to potential tenants or buyers.
Greater Noida boasts excellent connectivity through highways, expressways, and public transport systems. It is also conveniently located near educational institutions, hospitals, shopping centres, and entertainment options, making it an ideal location for working professionals and families. Maintenance costs for ready-to-move-in apartments are lower in the initial years compared to older properties, as they are newly constructed and require fewer immediate repairs or renovations. Additionally, these apartments come with clear legal approvals and clearances, reducing the risk of legal disputes or complications.
As per the industry experts there has been noted a rising demand for ready properties in Noida and Greater Noida over the past year and a half due to delayed possessions, insolvency issues with developers, and registry execution problems. This has shifted buyer preferences from new constructions with better amenities to legally clear, ready-to-move-in projects. Greater Noida Industrial Development Authority highlighted that buyers now prefer these safer, albeit costlier, ready properties. Also, Noida Authority observed steady growth in the secondary market, unaffected by under-construction project issues.
While Greater Noida offers numerous ready-to-move-in apartment options, one development that truly stands apart is Purvanchal Royal City. This exceptional residential complex exemplifies the epitome of convenience, luxury, and a hassle-free investment experience. Strategically situated in the heart of the city, Purvanchal Royal City not only streamlines the purchasing process with minimal paperwork but also provides a self-contained ecosystem catering to all daily needs within its boundaries. From well-stocked grocery stores and vibrant shopping avenues to state-of-the-art healthcare facilities and recreational spaces, residents can indulge in an elevated lifestyle without ever having to venture outside. Moreover, the meticulously designed living spaces are complemented by exclusive luxury amenities, including clubhouses, landscaped gardens, swimming pools, and fitness centres, further enhancing the overall living experience and adding significant value to your investment in this exceptional ready-to-move-in society.
