Difference between Resale Property and new developers projects.

It is not all about that buyers go for resale property because the buyer wants a ready possession property. There are many reasons  the buyer prefer to buy a resale property. When any buyer is going to buy an under construction property he buy that property just upon the keeping a picture in mind which a developers shows.

In Wakad (Pune) or nearby area you will find many brand new property  available for sale.But here I would like to clear one thing that a buyer get the same thing in resale property which he gets  from the builder. Still there is a huge difference in buying a property from builder and resale property.

 In resale property or ready possession property you get the flat as it is as it is visible or you can have a fair idea about flat,direction, ventilation, leakage in flat,sunlight, exact view  moreover when I can get the possession of the flat. There are many example where builder shows  the rosy picture and they provide something else. It happens with even reputed developers.

The biggest difference while purchasing a new property and resale is, in resale you have to pay all the amount in single shot so you have to be ready with the bucks before going for a deal. Some might avail the loaning facility provided by banks but for that also there is some criteria for eligibility for availing the benefits. Those who are salaried person can get it without much hurdle but those who did not have a regular income have left only option that is book the house from builder. In resale you might get property at cheaper rate but also you might miss the feeling of being first owner / occupants or fragrance of being the first opener.

Price Advantage.

 In a resale deal a buyer have an opportunity that he or she can get a property at better price compare to market price. Generally a buyer can expect  5% to 18% lesser price to developer’s price.

“Now a days buyers purchase the ready possession flat or resale flat just because they want ready to move flat but also investors are preferring to invest in resale property.Generally investor sale their property when they feel that property prices already picked or almost on saturation.For booking the profit from  the property investment they sale it lesser price compare to market price” said Mahipal Deora Managing Director Bluegate property management Pune.

Average Property Rates
City	Resale	New
Mumbai	12320	12410
Pune	6428	6495
Delhi	5995	6087
Banglore	5455	5528
Kolkata	5107	5191
source online property search portal

Transfer Fee

While purchasing a resale flat transfer fee has to pay to the developers. It is an expenses which take place to the developers to transfer ownership, and other expenses  like administrative and other documentation work related.

Transfer fee very developer to  developer .  Transfer fee very between 100 Rs per sqft to 400 Rs per sqft.

Feel Free to ask about resale and new property and real estate market Pune