July 5, 2016 - Lodha Palava
Palava Ready to Move v/s Under Construction Property:
Lodha Palava city is one of the most the desirable locations to live in, where residents get both- ready to move in as well as under construction properties. Palava city is divided into 2 Phases- Phase 1 & Phase 2. Phase 1 of it is completed with the options of Casa Bella, Casa Bella Gold, Casa Rio & Rio Gold. About 12000 homes have already been handed over in Phase 1 of the construction. And at present 25000+ families are living & enjoying the luxurious amenities provided.
In Phase 2 of construction, the group is coming up with Lakeshoregreen project, which is under construction. The second phase is divided into 11 clusters. For now, the group is developing sector 3 i.e. Lakeshore greens. Altogether there are 100 buildings in all of their clusters. Each cluster will have its own private garden & clubhouse. The units offered in lakeshore greens are 1 BHK, 2 BHK Optima, 2 BHK Ultima & 3 BHK. Apart from this Jodi flats are also available in selected buildings.
Customers can select any of the options. They can go for ready to move in or under construction ones depending on the purpose of purchase – whether for investment, end- usage or are an end user looking for return on investment (ROI ).
If you are an investor, it is better to invest in an under construction property. As, currently the capital value of the property is lowest and is bound to only rise in future.
On the other hand if you are looking for end usage then you can go for both ready to move or under construction property.
Merits of an under construction property:
- There is wide scope for customers to choose configuration, floors, size of property.
- The prices are comparatively lower than the ready to move in. In case of limited budgets, under construction property becomes more feasible.
- There are several easy payment plans available like construction linked plans, down payment plans etc. which provide customers with easy payment options. They can book the property by paying some percentage of the agreement value then can apply for the loan.
Merits of Ready to move property:
- In ready to move you get what you see. Since, the property, its interiors & maintenance are visible. So it’s easier to decide whether to buy or not.
- In phase 1 of Palava you can get occupancy certificate received apartments.
- In case of ready to move in apartments, customers do not need to pay service tax & M vat, so the prices are less.
- You can check the occupants of the area & accordingly can decide if you also want to live there or not.
- Also, the facilities can be checked and the maintenance charges can be worked out properly