Are you thinking about moving and buying a new place or perhaps your first place? Because of that, are you looking for new residential projects in Delhi NCR? This is a great idea. Why? A number of reasons as will be discussed.
The first reason is a form of investment. This area is growing and the values of the properties are going up. If you are looking at projects that are being built now, you can check the reputation of the builder and be more sure of how well the building is constructed.
In addition, by buying something in construction, it should be built better because of newer building codes. You might ask if the building is earthquake resistant for example. Or, does it have back up power and water? Is it located in a convenient location? All of these things will impact the value of the property and the likelihood of the valuation increasing with time.
It is not always true, but you can sometimes buy a property and the monthly payments will be similar to what you were paying for rent. Sometimes it will be even lower. However, you also need to put away a rainy-day fund in case something breaks and you need to fix it. If you rent, you just call the landlord to fix it.
But, if you rent, you just help the landlord get richer. If you own your flat, even if you pay a bit more than when you were renting, you are paying down the mortgage each month and building up your equity in the property. At the same time, as valuations increase, your equity goes up even more. Renters don’t get any of this. They just keep paying out forever. All the more reason to look for new residential projects in Delhi NCR.