| Buying new or resale flat depends upon individual | | | | prominent urban locations, hence command |
| choices. Depending on the accommodation | | | | handsome price for providing high infrastructural |
| requirement, availability of financial resource and | | | | facilities. The new flats on the other hand are |
| urgency of possession, one should decide on | | | | available at only 50% to 60% of the total price of |
| whether to buy resale or new flat. Let us analyse | | | | resale properties. So, go for new flats if your |
| the following information. | | | | budget is limited. |
| Why to Buy New or Resale Flat | | | | - The cost of maintenance is usually minimal for |
| - If looking for a prominent location, you may go | | | | new home. While, depending upon the age of the |
| for resale accommodation. Usually new projects | | | | resale home you are required to spend quite an |
| come up in the suburban and peripheral regions. | | | | handsome amount for maintaining and repairing. |
| So, if you have keen location preferences, try for | | | | - Now days, due to the steep competition, |
| resale properties as they are often located at the | | | | builders of new projects go to the great extent |
| heart of the city and close to prominent | | | | of introducing new concepts through updated |
| destinations. Sometimes staying in the main city | | | | technologies. Facilities like wi-fi, intercom and other |
| ensures more safety than in the suburban areas. | | | | modern amenities come along with the new or |
| So, resale units would serve more security with | | | | resale flat. More so, there is also a growing trend |
| respect to the distantly located new flats. | | | | of environment friendly projects. The concepts of |
| - You would get the privilege to decorate your | | | | green buildings, usage of eco-friendly building |
| own home if you are buying a new flat. You can | | | | materials, eco-products like the paints and |
| use your own creativity or engage an architect | | | | furnishings are on the the other hand absent in |
| for interior decorations. But, there is hardly any | | | | resale properties. If you have no plans to live in |
| such room to bring your own style and taste | | | | the resale flat, do not buy. It would be quite silly |
| within an already built old flat. | | | | to invest on a resale property and expect huge |
| - Your budget can often become a constraint for | | | | returns from it. The quality of building degrades |
| buying resale property. As already mentioned the | | | | with time and buying a very old one will not be a |
| resale apartments are often located in the | | | | good idea at all. |