Many people especially the young couples prefer to go for ready to move in properties or apartments in Bengaluru. The trend of purchasing such property is on the rise. Let's find out.

Bengaluru market is flourishing because of a primary reason which is, it consists of end users which constitutes about 80 percent of the market. The buyers are mostly first home buyers who buy a home for their own residence in Bengaluru preferably near their work place due to which we see the residential complexes are more in demand near the IT hubs and commercially popular places. The real estate experts note that recently the market is being marked by the more aware buyers who prefer the ready-to–move-in apartments. The enquiries come from the young couples who know their need and are not ready to wait for longer periods. A good salary package and lack of time and patience makes them not to wait till the completion of any project.

This certainly shows the aware mindset of the buyer who knows what to do with the property and when. Even if it is for investment, they can avail the rental income straight away from the property without any lag time. If it is for their own residence the buyer is saved from paying extra rentals for his or her own accommodation.

As per the data available with the brokers, real estate agents and various websites, apartments in Sarjapur Road, Whitefield and Electronic City has the most of the stock of ready-to-move-in apartments in the city. The statistics show that 2 BHK apartments are mostly in demand in the ready-to-move-in apartment segment in the city. The prices of such ready to move in apartments in places like Electronic City starts from Rs. 15 lakhs and goes up to Rs. 65 lakhs with the areas varying from 650 sq. ft. to 1300 sq. ft. In Whitefield a 2 BHK unit can cost from Rs. 30 lakhs to Rs. 95 lakhs, the sizes of which varies from 1000 sq. ft. to 1300 sq. ft. On Sarjapur Road a ready-to-occupy apartment can cost from Rs. 20 lakhs to Rs. 85 lakhs with the sizes varying from 1000 sq. ft. to 1400 sq. ft.

Reasons for the preference of Ready-to-move-in apartments:

* Such property buyers are freed from the risk of unwanted delay in giving possessions and chances of poor quality and design are also minimized as the buyer chooses from the ready flats that are available.

* Buyers can immediately start staying in such apartment or give it for rent.

* Although such properties cost a little higher than under construction or pre-launch properties, but the buyer is sure about the return on investment immediately after purchase.

With all these reasons, although a ready-to-move-in property is higher priced but it is advantageous for the buyer who does not wish to wait for months for the possession of the property.