There are umpteen number of choices to select new ready-to-move in flats for sale from the builders in Chennai. Such kind of properties offer best taxation benefits over under construction flats, which gives the worst headache for a property buyer.

1. Never Ever buy
Under Construction Flats/Homes

2. Disadvantages of Under Construction Flats
Uncertainty about the possession of flat – Loss of rental: Majority of the flats for sale in
Chennai including from reputed the builders gets delayed from promised completion date for
various reasons. Whether you are going to stay in the house or give it for rental, potential rental is
getting wasted for that period.
Not sure about the quality of construction: Especially when the builder is not reputed, it is
difficult to assess the quality of construction of the output.
Non delivery of amenities – In many cases, some builders in Chennai don’t deliver the amenities
mentioned in the brochure while selling apartments.

3. Unauthorized construction: Many builders in Chennai construct over and above the approval for
construction. Builders show the approval while selling but ultimately construct more than approval
wherein which the buyer has no control.
Pre EMI loss – Unnecessary burden of paying EMI, rental without even getting the flat for several
months to years. Lot of mental stress and pain is getting created.
The above problems creates a lot of mental stress along
with financial burden. There is a simple solution to avoid
this problem which is buying ready-to-move-in flats for
sale in Chennai.
Advantages of buying Ready-to-move-in apartments
Since it is Ready-to-move-in,
✗ There is no uncertainty about occupying flat / giving it for rental
✗ What you see is what you get: No worry about construction quality, and amenities
✗ You can ask for completion certificate / occupation certificate to ensure whether the
construction is according to the approved limit
✗ No pre EMI loss
There are other Taxation benefits also for buying ready-to-move-in apartments for sale in Chennai

4. Taxation benefits
Interest paid on Home Loan- Interest paid on Home Loan is allowed as deduction for Ready-to-
move-in houses from the date of buying home. In comparison with a house which will be ready to
move-in at later years, then the interest paid till available for possession will be given as five
installments. There is limit of Rs 1,50,000/- per annum can be claimed as deduction of interest paid
on home loan. If interest during construction period is added there is a possibility that some portion
of that may not be utilized.
Principal repayment of home loan- Principal repayment of home loan is not allowed during
construction period.
No Service tax for Ready-to-move-in house- In comparison with 12.36% service tax for house
under construction.

5. Earlier due to lack of new projects which are ready-to-move-
in, home buyers were buying used flats. However now
customers have umpteen no of choices to select new ready-
to-move in flats for sale from the builders in Chennai. By the
end of 2013 there were over 1,600 projects which are ready-
to-move-in. Moreover ready-to-move-in homes give much
higher ROI comparing to ROI of under construction projects which will be completed in one year or
later. This is due to rental gain and various tax benefits are available for with the ready-to-move-in
flats for sale in Chennai.