In recent times, Sector 82 in Faridabad has become a hub for residential properties. The reasons are many, from its strategic location to its proximity to schools, colleges, hospitals, and shopping centres.

If you are a homebuyer looking to buy a home in this developed area, consider going for an apartment for sale in Sector 82, Faridabad. But should you opt for a resale property or a new booking?

Both options have pros and cons. The decision should be based on your specific needs, including your budget, the timeframe for possession, and your lifestyle expectations.

1. Compare Cost

The first difference is the price of a new property and a resale apartment in Sector 82, Faridabad. Here’s a synopsis.

• Resale Apartments – In Sector 82, there are better chances of getting better-priced resale properties, lower than the price of new bookings. That’s because owners who want to sell their properties will be more willing to be flexible during negotiations. If you conduct thorough research, you may be able to secure a few partially furnished units at no additional cost.
• New Bookings – Generally, newer developments of apartments for sale in Sector 82, Faridabad, come at a premium. This is especially applicable for under-construction or recently launched projects by reputed builders. That’s because these projects feature modern amenities, chic furnishings, and contemporary fixtures. However, with the new projects, the chances of scoring more amenities and modern developments are much higher. Additionally, the construction will be new, and the property’s age will be minimal.

 

2. Possession Timeline

When searching for apartments for sale in Sector 82, Faridabad, consider this factor as well.

• Resale apartments in Sector 82 – Want immediate possession? Go for resale apartments. The paperwork may be slightly more intensive, but you can expect a quicker handover, maybe within a month or two. Additionally, you must be vigilant about ownership and proceed with caution.
• New Booking – In the case of new bookings, you usually book a property that is either under construction or in the early stages of development. Therefore, the possession timeline can stretch anywhere between a few months and a couple of years, depending on RERA requirements and the project’s progress. This delay can convert into long wait times and could be a deal-breaker for buyers with urgent housing needs.

 

3. Property Condition and Age

This is another criterion that should be considered when booking an apartment for sale in Sector 82, Faridabad.

 

• Resale- Properties on resale run the risk of wear and tear. You will need to consider maintenance aspects before making an offer. You may also need to invest in repairs, renovation, or upgrades (such as plumbing, paintwork, or electrical fixtures).
• New Booking – A newly constructed apartment will be fresh and come fitted with the latest fittings and energy-efficient designs. There is also a builder’s warranty that typically covers structural and utility issues for a specific period post-possession.

 

4. Loan and Financial Considerations

Consider financing options before deciding between a resale and a new property.

 

• Resale – Resale properties can be bought through home loans, but the process can be time-consuming. Banks offer loans only after verifying ownership and legal heir documents.  Be prepared for detailed paperwork. In this case, the buyer will be responsible for paying the stamp duty and registration charges.
• New Booking – Most developers of new apartments for sale in Sector 82, Faridabad, tie up with banks for pre-approved loan options. Buyers have the advantage of flexible payment options. Additionally, the initial booking amount is usually lower, as it may be linked to the construction plan. This is, therefore, a good option for people in salaried jobs.

5. Amenities and Lifestyle

If you’re not too fussy about the latest amenities and lifestyle-appropriate fixtures and furnishings, the resale option is a good choice because it’s affordable. Most modern, newly constructed apartments for sale in Sector 82, Faridabad, feature contemporary lifestyle amenities, such as rooftop gardens, smart home features, electric vehicle charging points, modular kitchens, kids’ play zones, and clubhouses. These features are designed to enhance the quality of your life and the property’s value. If you’re someone who loves a stylish and luxurious life, consider new bookings.

The choice between a new apartment for sale in Sector 82, Faridabad, and a resale property should be based on your preferences. Consider all angles before evaluating the cost-benefit matrix to make the final choice.