Under Construction Homes-Cheaper, But Risky!

Bangalore: Investment in property is a long-term financial commitment. Property rates are touching sky in today’s date. Unquestionably, an under construction property quotes lesser price tag than the ready-to-move-in properties. However, in real estate business, it is very common that investors as well as potential home buyers fix house in a project under construction because of cheaper rates. But, when planning to buy an under construction house, it is always better to go for reputed builders or developers to be in a safer side.

When a developer introduces a new project in the market, they advertise their project in all possible medium such as television, newspaper, radio and other mode of communication. The aim of the developer is to sell as many flats as possible to end-users before they finish their project completely. Usually, projects of well-known developers get advance booking even before they start with their building foundation, reports Rediff.com.

 “Every coin has two sides” this adage is true when it comes to buying under construction property. Although, the rate of under construction property is less than the ready-to-move-in houses, it is better not to overlook the risk involved in it.