As a growing hub for real estate investments, Yamuna Expressway has gained tremendous attention in recent years.
With township projects like Gaur Yamuna City, the region offers a dynamic blend of under-construction and ready-to-move-in real estate projects in Greater Noida.
In 2024, it is getting important that homebuyers and investors weigh the pros and cons to make an informed decision.
Hence, in this blog, let's explore the key differences between these two property types and see what you should be picking up!
Understanding Ready-to-Move and Under-Construction Properties
When investing, one of the first decisions you'll make is whether to choose a ready-to-move property or an under-construction property.
Each of these has its own distinct advantages, based on what you're looking for.
But before that, let's start with the basics:
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Ready-to-move properties are those where construction is completed, and possessions are handed over almost immediately. If you're looking to settle quickly, this is your go-to option.
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Under-construction properties, on the other hand, are projects still under development and might be a few months or years away from completion. While these properties offer flexibility in pricing, they come with longer waiting periods.
Now, let's dive deeper into how each of these options performs specifically along the Yamuna Expressway.
Advantages of Ready-to-Move Properties Along Yamuna Expressway
On-spot possession is a factor that favours ready-to-move properties, particularly for people who need not wait for construction works and do not want to face the odds posed by a new home.
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Immediate Possession
The first and arguably the biggest benefit of ready-to-move properties is that you can immediately occupy the property post-purchase. Gaur Sports Villas is one real estate project of Greater Noida that's currently ready to move in.
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No GST Burden
One big advantage for buyers is that ready-to-move-in properties are GST exempted. This can result in reduced costs of up to 5% of the total cost.
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No Construction Delays
Since there is no ongoing construction, there's no delay in the same.
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What You See Is What You Get
When ready-to-move property, the customer has the opportunity to touch, feel, and make physical assessments of the property.
Disadvantages of Ready-to-Move Properties
While the benefits of ready-to-move properties are compelling, there are certain drawbacks to consider:
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Higher Costs
These are usually priced higher than under-construction projects of the same developer.
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Less Flexibility in Customization
When the construction is done, it becomes a tedious job to alter anything from the construction plan of the house.
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Age of Property
In some cases, the actual construction could look somewhat less stylish than that seen in current project images.
Advantages of under-construction properties Along Yamuna Expressway
Future residential properties, especially in growing localities such as Gaur Yamuna City, will offer stable investment opportunities. Here are some advantages:
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Lower Initial Costs
Under-construction properties are normally more affordable compared to ready-to-move-in properties.
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Capital Appreciation
As new construction projects are being added in the suburbs of Delhi on Yamuna Expressway, under construction properties are likely to attract higher appreciation.
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Payment Flexibility
In the case of under-construction properties, the timings of payments are much more relaxed as these are pegged on various construction stages.
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Customisation Options
Flagship projects generally offer customisation options to home buyers, promising a more personalised experience.
Disadvantages of Under-Construction Properties
Investing in under-construction properties also comes with its share of risks and challenges: Investing in under-construction properties also comes with its share of risks and challenges:
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Construction Delays
This is one of the problems that are associated with the under construction property or housing units. It means that stay order may take a long time depending on weather changes or the influence of the supply chain.
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GST Applicable
The under-construction homes, however, are chargeable with the GST, which piles further expense on the cost of homes.
Yamuna Expressway in 2024: A Prime Destination
Yamuna Expressway is emerging as a new favourite for real estate investments. Infrastructure projects like Noida International Airport, Film City, and IT parks are coming up, and once again, they are going to expand greatly. Gaur Sports Villas have been conceptualised to provide an increasing need for homes in the residential segment for immediate possession as well as ongoing projects.
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Connectivity and Infrastructure:
Delhi, Noida, Greater Noida and Agra are connected through the Yamuna Expressway, which stretches for 165 kilometres.
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Economic Hotspot for the future
The area is currently undergoing immense development with industrial estates, information technology parks, and logistics centers. The upcoming Noida International Airport that is in the pipeline is also expected to bring in global connectivity. Hence a dramatic increase in the prices of real estate is expected.
Making the Right Choice
To choose between going for a property that is ready and occupied, or an under-construction property depends on goals and objectives, budget and other factors.
For instance, if you want to buy a property where you can move in immediately, then a Property in Greater Noida that is ready to move in may suit you best.
On the other hand, if you are an end-user and you are thinking of investments for the future, the under-construction apartments in Yamuna Expressway might be a better prospect.
The Bottom Line
To conclude, while ready to move property has its own set of pros and cons, the same can be said about under construction properties.
Currently, the investment opportunity along the Yamuna Expressway is massive. Factors like future development and improved connectivity employment creation make it a future-ready investment.
Whether you opt for a ready to move properties in Gaur Sports Villa or buy an under-construction in Gaur Yamuna City, you will get long term capital gains in the future along with stable monthly rentals.
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