“To buy a nice home is to buy a better way of life. To choose a better way of life is to work toward well-being, and isn’t well-being what’s paramount?” – Unknown.
Having a home that you can call your own is one of the key dreams almost every family in India aspires to realize in their lifetime! Given it’s going to be a serious and long-term investment of one’s savings and earnings, a lot of factors play a role in making the dream of owning a home a reality, as it is one of the most challenging decisions to make. After deciding to pursue your dream actively and finalizing a city or town, comes a few factors like size/space, location, budget, format (apartment, independent home, and villa), etc.
Vijayawada, located on the banks of the Krishna River, is approximately 25 km away from the upcoming state capital of Amaravati and is a part of the larger state capital region. The second-largest city of Andhra Pradesh and one of the fastest-growing urban areas in India, Vijayawada is also known as the state’s commercial, political, and educational capital.
Like in any other growing city, once you decide to own an apartment, the options available are
The most common dilemma everyone faces during this buying process is whether you should buy an under-construction property or go in for a ready-to-move-in apartment.
All the three options listed above may come with their benefits.
Here are a few reasons why opting for ready-to-occupy apartments when it comes to planning to buy an apartment in Vijayawada makes sense:
The most significant influencing factor, as the name suggests, ready-to-occupy apartments, mean that – you get possession as soon as all the financial and legal formalities are done. It also works on the psyche of the homebuyer, especially those looking at it for self-occupation. And would love to move in once they have decided to buy, quickly.
Like with every purchase, buying an apartment also attracts tax. With the under-construction properties, you are required to pay tax on an annual basis. When you plan to buy ready-to-move-in apartments, you don’t have to pay tax as Goods, and Service Tax (GST) laws are slated to exempt completed properties from service tax.
From the apartments to facilities and amenities, with almost everything up and running, homebuyers of ready-to-occupy apartments can go around the property to explore and get a first-hand experience of all the aspects of the offering, way better than going through the website or the brochure. Everybody in the family, too, can look at what’s on offer and agree, further helping the decision-making process. You are likely to get attractive payment schemes and freebies for a ready-to-occupy property.
It also allows the homebuyers to choose the best suitable apartment based on location in the property, the views, the layout, and the space available for their current possessions like furniture & white goods, etc.
When you go in for an under-construction apartment until you get possession, it will strain your finances. You would end up paying the pre-EMI and other charges over and above the rent & maintenance for your current residence. With a ready-to-occupy apartment the day you move in, you can say goodbye to rental payments!
Owning a ready-to-occupy apartment is relatively low on risk compared to one under-construction. Disputes, delay in possession, lack of amenities, quality of construction, change in the plans vis-a-vis what was promised on the website & brochure, etc., will not be there.
Are you looking for a 2 or 3 BHK apartments in a premium gated community? Presenting Vertex Siris Signa – a premium gated community located in the heart of Vijayawada. With a host of lifestyle amenities and leisure features, including a world-class clubhouse, traffic-free podium & numerous sporting facilities for you to lead a balanced life and enjoy the pleasures of living in a premium gated community. With a range of reputed schools, top hospitals, and shopping malls in the vicinity, Vertex Siris Signa offers a dream home you have always aspired to own!
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