All you need to know about ‘Ready to move in Apartments’


Buying a house is a big decision for many people and therefore, taking all factors into close consideration while making such a large investment decision is extremely important. Builder reputation, locational advantage, and amenities provided are some of the most important things homebuyers keep in mind while evaluating property decisions.

With the real estate sector slowly picking up post the lockdown, ready to move in apartments are becoming very popular. Homebuyers can eschew the cloud of uncertainty that surrounds construction projects, which often get delayed due to several reasons such as delay in procurement of raw materials, permit issues, laborer shortage, or other legal roadblocks. With ready to move in flats, you can buy a house today and simply move into your new house tomorrow. 

Here are 4 major reasons why you should choose a ready to move in apartment:

1. No delays:

The biggest advantage of opting for a ready to move apartment is that there is no risk of a project delay. There is no need to wait for the completion of the whole project and other amenities. You can move as and when you buy the apartment. This saves a lot of time, especially for those who are looking for a new house immediately. Project delays can happen due to several reasons. Some of them include:

  • Inaccuracies in budgets often lead to delays. Such inaccuracies lead to projects being shut down for weeks and months, depending on how long it takes to procure the necessary funding. It’s often frustrating for new homebuyers.
  • Labour shortages especially during current COVID times are a major reason why projects are getting delayed. This can make or break the completion of a project on time.
  • Getting all the necessary government approvals and legal permissions is time-consuming. 
  • Weather and other environmental conditions that act as roadblocks during construction. 

With ready to move in apartments, even if the amenities and other facilities are not ready, your house is completely ready for you to move in. So there’s no risk of delay. 

2. No uncertainty: 

Buying a new house under construction comes with a lot of uncertainty. Often, in the initial stages, there are a lot of questions you find asking yourself about the project. Some common questions include:

  • What views can I expect from the apartment? 
  • How can I gauge the construction quality of the project? 
  • Do housing conditions support good health?
  • How good is the natural lighting
  • Can I trust the builder to invest in good quality construction materials? 
  • What are the available amenities in this building? Do they look as attractive as they do in the brochures? 
  • Is working from home comfortable in this house? 

In a ready to move in flat, you’ve seen how most of the project has turned out and have made a decision based on a high level of certainty. 

3. No GST and freedom from rent/EMI

Does the thought of avoiding GST on a new house make you happy? With ready to move in apartments, you can happily bid farewell to GST because GST is only applicable to under-construction houses. It is a big cost that you can evade while opting to move into apartments. 

Traditionally, even after the reduction of GST, builders are allowed to charge a 12% GST with or without a 5% Income Tax Credit. For housing projects that are more affordable, builders could charge a GST of 8% with ITC or a rate of 1% without the ITC. But since all these provisions only apply to under-construction projects, you have nothing to worry about when you opt for a ready to move in flat. 

A postpaid home also helps you avoid paying both rent and EMI together. 

4. Tax Rebates

According to the Income Tax Act of 1961, you’re eligible for tax deductions on home loans under Section 80C against the principal repayment of the home up to Rs. 1.5 lakh and up to Rs. 2 lakh on the interest. Traditionally, however, you can claim these benefits only after complete possession of the house under construction. Post possession, you can claim tax benefits on the interest in 5 equal installments. But if the project gets delayed by more than 5 years, the interest that can be deducted falls to a mere Rs.30,000 from Rs.2 lakh per annum. What’s worse, the principal payment ceases to be eligible for a tax deduction during a 5 year+ project delay. 

With ready to move in apartments, there is no risk of losing tax benefits due to unforeseen circumstances. Since you have complete possession of the house, you become eligible for tax benefits immediately. 

The Wadhwa Group is now offering ready to move in apartments or postpaid homes at never before prices. You can book a postpaid home across top Wadhwa Group properties such as Atmosphere O2 Mulund, Wadhwa Elite Thane, Crown Residences Goregaon, and Prima Residences Ghatkopar West

Postpaid Homes by the Wadhwa Group offer an unmatched integrated living experience that aims to provide residents with the utmost level of comfort and luxury. Situated right in the middle of prominent locations, these postpaid homes are ideal for families and millennials looking to move into a new house quickly. 

Avoid the hassles of an under-construction house by moving into a postpaid home today! 

The Wadhwa Group carries a rich legacy of half a century built on the trust and belief of our customers and stakeholders. The group is one of Mumbai’s leading real estate companies and is currently developing residential, commercial, and township projects spread across approximately 1.4 million square meters (15 million square feet). Timely completion of projects coupled with strong planning and design innovation gives the group an edge over its competitors. As an organization, the group is also known for its employee-friendly and professional working environment. Today, the group’s clientele comprises over 20,000 satisfied customers and over 100 MNC corporate tenants. 


Please enter your comment!
Please enter your name here