Money Discount Vs Timely Delivery: What Would you Choose?

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Money Discount Vs Timely Delivery What Would
you Choose?
?February 4, 2017 ?Real Estate ?building
projects, delivery management system, project
development plan, project planning definition,
project time ?Srishti Chandola
On time possession remains a major concern for
the home buyers who go for under- construction
properties. On the other hand, owing to high real
estate rates, home buyers are at times forced to
go for the under-construction projects that stay
within their budget. Identifying that there are
opportunities, various property sellers are
providing a guaranteed delivery by changing the
premium. The time-bound deliveries are what the
builders offer by default. It is their duty and
however, now, they definite have to begin
changing the premium for a timely delivery.
Experts do point out that if the property is
available at an affordable or cheaper price,
then, there is always some reason for it. For
instance, under-construction projects are
inexpensive but it requires losses on interest
especially for the home buyers. Also, there is a
cost both in the monetary and non- monetary
through the risk, efforts as well as the stress
that is involved in the purchase. What should be
the choice of the buyer- immediate delivery or
discount in price? What exactly should be the
choice of the buyer? What should they opt for?
The answer to this
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question is not as direct as one can think, as
all the buyers have different priorities. If
somebody is looking for a home for their personal
use and is residing in a rented home, it is
pretty wise to go for a ready to move in the home
which means get immediate delivery of the
property. However, if one is looking for
investment purposes then one can definitely
choose to take an additional discount. Some
points to consider before selecting between
immediate delivery or price discount Choose any
one of the two on the basis of your priorities If
you go for immediate delivery, check whether the
developer is giving all the amenities along with
it or not Check whether the project is habitable
of not Verify or cross-check the infrastructure
and security in proximity to the project Perform
financial calculation and a benefit versus cost
analysis for both the options. Do take the
opportunity lost in consideration while doing a
cost-benefit analysis. A quick checklist before
finalizing your home To attract the home buyers,
developers generally provide attractive price
schemes. Before you finalize such deals, make
sure that you pay attention to the
below-mentioned aspects Title The land title
of the project should be crystal clear.
The developer has to provide a title
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certificate to the buyers. Layout Who are the
other developers that are coming up in the
neighborhood, maybe in the future or not? What
is the scheme under which the project is being
developed? Is the project a Greenfield
development where it will be shared with new
residents or a redevelopment where you will be
sharing it with old tenants? Do check whether it
includes cessed structures and public parking or
whether it affects the sub redevelopment, housing
societies, etc. Commencement One should
definitely check for all the approvals whether
they are in place or not. The complete approvals
come to the approval such as commitment
certificate. Be sure that you see the complete
commencement certificate and not the partial
one. Dont take decisions which are based on
model flats alone Do go for a proper visit to
the site. Even the laborers at the construction
site can give an idea about the pace at which
the construction is taking place. Check
intangibles as well The architect, the banker
and other buyers What should the buyers do?
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The home buyers must do their thorough research
and check the track records of the developer
with the credibility of the teams that are
working on the project. Do check whether the
prior project by the developer have been
delivered on time and do read the testimonials
as well as the online reports about the builder.
If the credibility is not of concern, one can
also consider taking the discount for higher
returns or getting a better deal.
? Investment Patterns become Realistic for NRIs
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