KEY: “Knowledge Empowers You!” to make informed decisions.
As a property owner it is highly necessary to understand that as soon as a society gets ready to move-in, one should rent out the flat at the optimal rental value. The desire to wait for better rental income would always be present in the owner’s mind but it will not prove beneficial in the long run and as a consequence owner has to bear the rental loss. Furthermore, the tenants are also not very inclined to settle in new societies because of factors like safety, fewer amenities etc.

As a part of our KEY series, we believe in sharing information from our Wisdom and Subject-Matter Expertise gained while serving more than 1000 customers since 2012.
Key takeaways from the reasons behind a tenant’s reluctance to move in:

• Safety and security is a major concern in new apartments.
• Noise Pollution / Air pollution (dust) is generally high as minor construction work/Interior work continues even in ready to occupy blocks.
• Amenities are not ready yet, and can be a challenge for the people who move in. So the fun part goes missing!
• A new apartment has a lot of undiscovered issues when handed over by the builder.

This document about low rent in newer societies is a really good read and will justify and answer most of your doubts. Happy to serve! All we need is your Autograph! ®