The demand for ready-to-move-in (RTM) apartments has increased within the country in the last few years. Especially in Covid times, the new-age buyers are preferring fully furnished apartments with all possible amenities. The pandemic has created an immediacy to own real estate assets. People who live in rented accommodations and NRIs among those interested in investing in RTM flats and do not mind paying extra for the exact set of amenities that meet their requirements for a convenient and comfortable living.
The other factor that makes RTM flats preferable is the project delay by multiple builders. With RTM flats, there is no risk of delays. The same is not true with under-construction projects.
Gurugram is a popular location for RTM flats and there are many reasons why. Convenience in terms of location, job opportunities are some of the reasons. The city is a convenient location for job seekers as it houses some of the biggest and growing names in businesses of all sorts. According to the status of the city, RTM housing is still affordable there.
RTM houses also have a cost advantage because no GST is charged on them. The buying process is also simpler. In such houses, there is often no difference between the buyer expectation vs reality in terms of the quality, view, amenities, and more. So, we can say that RTM flats are a more assured purchase than under-construction houses. They are constructed and furnished keeping the specific needs of the new-age buyers in mind.
The home loan interest rates are at a low, which makes this the best time to invest in a ready-to-move-in apartment in Gurugram. It is a hassle-free way of living a comfortable life in a bustling city, provided you have the funds to invest in it.