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Top Reasons To Invest In Ready-to-move-in Property In Ahmedabad

Top Reasons To Invest In Ready-to-move-in Property In Ahmedabad

Ahmedabad, the largest city in Gujarat, has been gaining attention as a promising destination for real estate investment. With a growing economy, affordable prices, and improving infrastructure, the city offers investors a range of benefits. The real estate market here has been growing steadily, with a rising demand for both residential and commercial properties, offering a wide variety of investors, from luxury apartments to affordable homes.

One of the biggest advantages of investing in ready-to-move-in property in Ahmedabad is the proven rental income that it can generate. The demand for housing in Ahmedabad is on the rise, making it a secure investment option.

According to the Confederation of Real Estate Developers Associations of India (CREDAI), property prices in the city of Ahmedabad increased by 15-20%. This has been attributed to an increase in the price of raw materials, such as cement and steel, which have doubled by almost 35% over the past few months.

Ahmedabad is also well-connected to major cities of Gujarat making it a convenient location for both residents and investors. Let us look at some major advantages of the same.

  • Proven rental income

Ahmedabad has a strong rental market, making it a smart investment for those looking for regular income.

  • Growing economy

The city is home to a growing number of industries and businesses, which is driving demand for housing.

  • Affordable pricing

Compared to other major cities in India, property prices in Ahmedabad are relatively affordable, making it a cost-effective investment option.

  • Developing infrastructure

The city is undergoing a period of rapid development and modernization, including construction of new roads, bridges and public transport system.

  • Location advantage

Ahmedabad is one of the major cities and is well-connected to other cities and towns in Gujarat, making it a perfect location for everyone.

  • Government support

The government has been taking various measures to boost the real estate sector in Ahmedabad, which is attracting more investors.

There are several reasons why investing in ready-to-move-in properties can be a smart financial decision. Here are a few:

  • Immediate occupancy

With ready-to-move-in properties, buyers can move into their new home immediately and start enjoying the benefits of home ownership right away.

  • Reduced risk

It eliminates the risk of delays and cost overruns that can come with buying off-plan or under-construction properties.

  • No renovation or repair costs

With a ready-to-move-in property, buyers do not have to worry about the costs and hassle of renovating or repairing a newly purchased home, which can be a big benefit for those on a tight budget.

  • Better resale value

Ready-to-move-in properties generally have a better resale value compared to under-construction properties as they are already completed and are ready for occupancy.

  • Immediate rental income

These properties can generate immediate rental income for investors, unlike under-construction properties which will take time to complete, usually a period of one year.

  • No GST or stamp duty

Buying ready-to-move-in properties usually don’t require GST or stamp duty, which can save you a significant amount of money.

  • Flexibility in financing

Banks and other financial institutions are more willing to provide financing for ready-to-move-in properties as they are less risky than under-construction properties.

In conclusion, ready-to-move-in properties can be a great investment for those looking for immediate rental income, reduced risk, and ease of ownership. These properties offer a range of benefits, including the ability to generate rental income right away, no renovation costs, and easier predictability of expenses. Additionally, ready-to-move-in properties are in high demand, which can help ensure a steady stream of renters and can also drive appreciation over time. Another great advantage is the tax benefits that come along with owning a property that generates rental income.

However, it is important to keep in mind that every market and property is unique and it is essential to thoroughly research and understand the market and specific properties before making a decision. It is also crucial to have a clear investment strategy and goals in place, and to work with experienced professionals like real estate agents, property managers and financial advisors to help you make informed decisions.

Overall, ready-to-move-in properties can be a great option for investors looking for a relatively low-risk investment with the potential for steady returns and long-term appreciation.

Ahmedabad has a wide variety of luxurious villas, apartments to affordable homes, in 4BHK or 5BHK, you will be spoilt for choice while buying residential property in the city.

Luxury, accessibility and comfort are just a few features that convert a house into home, and The Storeys aim to deliver all of it and more. Storeys provides spectacularly spacious 4BHK apartments and 5BHK apartments with a landscape view like no other.

Source: https://thestoreys.in/top-reasons-to-invest-in-ready-to-move-in-property-in-ahmedabad/

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