59% Homebuyers Looking for Ready Homes Are Millennials

April 23, 2023 | mins read

Purchasing a home can be a very difficult choice, but considering the present market conditions and regulations set by the RBI, now is an ideal time to take the plunge and buy. Real estate has become more appealing to potential buyers with interest rates at their lowest, ranging from 7.15% to 8.05%, in the past decade. Furthermore, numerous developers are enhancing the deal by offering reduced booking amounts and discounts ranging from 10% to 20% on flat rates. (Source: 59% Indians looking for ready homes are millennials: Survey | Business News )

Despite the attractive offers available, it is crucial to consider the pandemic’s effects on the real estate industry and select a property that guarantees the highest returns. The government’s relief package for the real estate industry has given RE players an additional six months’ extension, and individual states’ implementation of RERA can offer a further three-month extension, leading to even more delays in completing under-construction projects.

Considering these circumstances, potential homebuyers have the option to choose from already built homes to achieve their dream of owning a home. Recent studies demonstrate that consumer preferences are changing, and ready-to-move-in homes are gaining popularity. Anarock’s study suggests that out of the total of 6.44 lakh unsold homes in India, approximately 12% are already completed and available for
purchase. In the current market, homebuyers in Pune and Mumbai have access to a variety of options across different price ranges.

Being prepared to relocate to a new home removes any doubts and allows for a swift move-in within a matter of months. With the market constantly evolving, individuals can physically examine the property to confirm its quality, development, and location, giving them the confidence to invest without any confusion. As a result, high-quality projects are being prioritised to meet these expectations.

Let’s understand a few advantages of buying a ready to move property

    • Time-Saving:

One of the biggest advantages of moving into a ready-to-move-in house is that it saves a considerable amount of time. When you move into a new house, there are multiple tasks that you need to attend to. For instance, you need to get the house cleaned, painted, and furnished. These tasks can take a considerable amount of time and effort. When you move into a ready-to-move-in house, you don’t have to worry about these tasks. You can move in right away and start a peaceful life in your new home.

    • Cost-Effective:

Moving into a ready-to-move-in house can be a cost-effective option. When you move into a new house, you have to spend money on various things, such as interiors, cleaning, painting, and furnishing. These costs can add up quickly and put a strain on your budget. When you move into a ready-to-move-in house, you don’t have to worry about these costs. The house is already in a move-in condition, so you don’t have to spend any extra money.

    • Less Stressful:

Moving into a new house can be a stressful experience. There are many things that you need to take care of, such as packing, organising, and transporting your belongings. When you move into a ready-to-move-in house, you can avoid a lot of hassle. You don’t have to worry about packing or organising your belongings.

    • No Surprises:

When you move into a new house, there can be many surprises. For instance, you may discover that the plumbing or electrical system needs repairs, or that the roof needs to be replaced. These surprises can be expensive and time-consuming, both. When you move into a ready-to-move-in house, you don’t have to worry about these surprises. The house has already been inspected, and any necessary repairs have been made. You can move in with confidence, knowing that the house is in good condition.

    • Better Security:

Moving into a ready-to-move-in house can provide you with better security. When you move into a new house, you don’t know who has access to the keys or who has had access to the house in the past. This can be a security risk. When you move into a ready-to-move-in house, you don’t have to worry about this. The keys are handed over to you, and you know that nobody else has had access to the house before you. This can provide you with peace of mind and make you feel safer in your new home.

One of the finest properties by Goyal & Co. is Olive Greens. These ideal apartments are beautifully crafted 3 and 4 BHK apartments that are perfect for families seeking to upgrade their lifestyle, expand their space, or move to a luxurious property. These apartments are a remarkable representation of spacious and top-quality residences in one of Ahmedabad’s fastest-growing areas. The range of facilities, connectivity, and advanced infrastructure make it an excellent choice for your family’s dream home.

Goyal homes are customised with your requirements in mind. Every project is constructed with the goal of offering you a residence that is perfectly tailored to your way of life. Strategically situated in Gota, Olive Greens resides in a location that offers both peaceful surroundings and excellent connectivity, making it an ideal choice for you. It is a serene, lavish, and perfectly suitable place for your needs. The wide array of amenities enhances the sense of community living and enables all residents to enjoy a well-rounded and entertaining lifestyle.

Due to the increase in people spending more time at home and the growing prevalence of work-from-home (WFH), the importance of having a high-quality home in a well-maintained community with good amenities and infrastructure has significantly increased. Renters have also noticed the difference in the attitudes of Resident Welfare Associations (RWAs) towards renters versus homeowners, which has made them more motivated to purchase their own homes. In conclusion, all these reasons together have led to an increase in the ratio of ready to move in

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