Resale Flats in Dwarka

Resale flats have also been an area of interest for buyers. There are numerous advantages and disadvantages of resale flats. Today we will talk about the resale flats in Dwarka, as well as their pros and cons.

Pros of Resale Flats in Dwarka:

The most important and prime pros of buying resale flat in Dwarka is that the price of it is much less as compared to that of a new flat. According to current market trend, the price of resale flat in Dwarka is lower by at least 20% as compared to the price offered by developer after construction. And due to this, at places like in micro- markets where the sales have shown a down trend in recent times, the gap has widened between the primary and secondary / resale market.

  Investors who generally purchased a couple of flats in Dwarka earlier for the sole purpose of resale at a later stage are now finding it really very hard to sell even at the prices at which they had purchased them a couple of years ago. Now to safeguard their situation many are even selling at a lower price just to recover as much as they can of the base price invested. The second most important pros of buying a resale flat in Dwarka is that unlike when you buy a developer’s apartment where you get possession after 2-4 years approx, here you can get the possession within 6 months. Often buying new flats has the risk that the project might be delayed or called off due to some reason, but in this case of resale there are no such risks.

Cons of Resale Flats in Dwarka:

The biggest con of purchasing a resale flat in Dwarka is that the seller may ask for payment in cash so that he can bypass the tax step on gains. In such cases it becomes most tough for the salaried class of people who depend most on bank loans for all such purchases in life. If he / she buys a flat from some developer then he has the option of paying in standard installments which makes him at ease. Buying a flat in resale market means that there will be immediate outflow of large amount of cash from you at once for which you might have to show the source of earning too if tax department asks for it.

Conclusion:

Keeping in mind above pros and cons, we at Infra Doctor.com would suggest all to go for primary flats sale in Dwarka until and unless you have complete money at hand for disposal along with proper sources of it when buying a resale flat in Dwarka.