In recent years, the demand for ready to move in homes has increased because buyers have now become risk-averse since the contingencies involved in the completion of under-construction homes. Nevertheless, in times of Covid-19, homebuyers are more than ever showing an inclination towards the ready to move in property. 40% of respondents indicated their preference for ready to move property, in the latest 360 Realtors’ buyer sentiment survey, conveyed recently, while over 22% preferred resale ventures.
Festivals perform an essential role for both buyers and developers. While buyers look for festive offers and schemes, developers try to maximize their sales during these auspicious times. Also, the current time is best to buy a property with home loan interest rates at an all-time low along with reduced stamp duty and developers providing flexibility to potential homebuyers by deferring payments due to the uncertainty of the pandemic. Coupled with limited-period government incentives like the reduced stamp duty and registration fees, the prevailing lower home loan interest rates, will boost demand as homebuyers seek to take the most advantage of developers’ festive deals.
Migsun Group has come up with a novel ‘Possession Proof Homes’ offer where they are giving an assured 1% penalty per month in case of late possession. Below this offer, the buyers need to pay 10% on booking amount and rest 90% on the offer of possession. The offer extends for Migsun Roof, a residential property in Raj Nagar Extension, where the project is nearing possession and Migsun Vilaasa, a residential property in Greater Noida where possession is listed for December 2023.
Yash Miglani, MD, Migsun Group, states, “The New Age generation is particular about the needs, & this pandemic has made them realize the value of having a real estate asset. They are looking for such properties that are ready to move in even for investment purposes, as it will be an immediate source of extra income for them. The demand has increased as the need is quick and people want a quick solution, which the ready to move in properties give.”
About
Migsun Group-
Migsun, a well-known & trusted realty major in the National Capital Region.
The Company is currently developing 16 projects, both residential and
commercial, put together across various locations in Delhi/NCR. Migsun draws
its legacy from a multitude of entrepreneurial ventures that started two
generations past. Undertaking the real
estate projects since 1992, Migsun invaded into real estate development,
hospitality, retail & leisure. In 2017, Migsun also founded its CSR
initiative under the name of Migsun Kaushalam, which is a premier institute of
skill development to train and empower the youth of the country with
professional skills.
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