Feb 20 • 07:54 UTC 🇮🇳 India Aaj Tak (Hindi)

Don't get caught up in cheap property, your money will drown, know these things before investing

Investing in real estate is a significant decision for many in India, especially for first-time buyers who must choose wisely between 'under-construction' and 'ready-to-move-in' properties.

In India, owning a home represents a lifelong dream and a major investment, making the choice of property type crucial for first-time buyers. The real estate consultant Kamal Chandel emphasizes that opting for a 'ready-to-move-in' property can mitigate the risk of financial loss and a poor experience, especially for those unfamiliar with the complexities of under-construction homes. The concern lies in the potential delays and untrustworthy builders associated with these properties.

Chandel advises homebuyers to conduct thorough research on any under-construction property, focusing on the builder's track record, including their history of timely deliveries and customer satisfaction. Many buyers invest their hard-earned savings with the hope of finding stability and comfort in their new homes; however, settling on the wrong type of property could lead to extended waiting periods and financial strain.

This guidance is especially relevant in a rapidly growing market where buyers must navigate a variety of options with caution to ensure their first home purchase does not become a regrettable financial mistake. By opting for properties with immediate availability, first-time buyers can avoid the common pitfalls of the real estate market, making their dream of home ownership a reality without unnecessary complications.

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