Ready to move in homes are 5% higher priced than under construction property

Q: Few of my colleagues were discussing about it today. I want to have a brief idea about which all cities has seen difference in price between ready to move in and under construction properties.

Kaushik Bardia,

7th March 2016

Real estate News in Bangalore

under construction property

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Replies (7)

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19th March 2016

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17th March 2016

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Comparecasa, Delhi

16th March 2016

Comment

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Comparecasa, Delhi

10th March 2016

Comment

My husband and I were not finding any property in any Indian states so we attempted to move to Mauritius which, we heard, had a strong Hindu community. There you can find ready to move in homes at quite affordable prices.

Shandra Bhola, Bangalore

8th March 2016

Comment

Hey Diwakar, What about cities like Chennai and Hyderabad, what is the scenario there?

Kaushik Bardia,

7th March 2016

Comment

Hyderabad, Ahmedabad and Chennai are the only exceptional cities where ready to move in properties are priced lower than under construction properties :) :D

Diwakar Shetty,

7th March 2016

According to sources, Greater Noida has seen the highest difference in price of 21% followed by Thane 19%, Mumbai at 18%, Gurgaon at 13%, Noida at 12% and Navi Mumbai and Bangalore at 6% each.

Diwakar Shetty,

7th March 2016

Comment

Okay!!! But what is the reason that the ready to move in properties has seen difference in price than under construction properties.

Kaushik Bardia,

7th March 2016

According to sources, the main challenge in the present real estate market is lack of consumer confidence in builders/developers to deliver the projects on time, for which there has been difference in price between ready to move in and under construction properties in the secondary/resale real estate market.

Diwakar Shetty,

7th March 2016