Many home buyers today prefer buying a ready-to-move property over a completed one. While this might seem counter-intuitive, it is the reality for many people. Several studies have found that home buyers prefer to buy a ready-to-move project over a completed one. In fact, 78 percent of home buyers plan to purchase a ready-to-move property within the next two years.

For example, a buyer can see how their new apartment looks like in person before purchasing it. The apartment size, view, connectivity, amenities, and neighborhood can all be checked before making a final decision. This enables buyers to make the right choice when purchasing a new apartment. Moreover, a buyer can save on GST and enjoy tax benefits on home loans. Lastly, ready-to-move projects have the added benefit of being completed sooner.

The recent increase in affordability, lower interest rates for home loans, and stamp duty cuts have all contributed to the growing number of buyers in the NCR area. The NCR region has become the preferred location of first-time homebuyers and has drawn buyers from neighboring cities as well. In a recent survey, over seventy percent of homebuyers preferred ready-to-move projects in Gurgaon over-under-construction ones.

The availability of new amenities and improved infrastructure will help the real estate market in Gurgaon continue to grow. The market is already recovering from a lengthy lull. With these improvements, home buyers have become more discerning and cautious with their real estate investments. These factors, along with affordable housing prices, will make Gurgaon a preferred destination for many buyers.