In Brief

Under-Construction Vs Ready-To-Move-In Property What is the right choice for you?

Our way of life has changed significantly since the COVID-19 pandemic, which has had an enormous impact on our home-buying decisions. The pandemic has highlighted the worth of owning a home rather than renting one. In these uncertain times, owning a house is connected with a sense of protection and safety. However, when it involves purchasing a home, should a buyer choose a ready-to-move-in home or one that is still under construction? Choosing between a property that's ready to move and one that is currently under construction is a difficult decision for almost all prospective home buyers. Because both of those property categories serve and fit different aims and intentions, it's essential to fully comprehend their benefits and drawbacks. There may be a ready-made guide to aid your decision-making. 

What is an under-construction home?

A project that's still in the development stage is said to be under construction. As a result, the customer must wait a few years before getting possession of the such property. Such projects have a high likelihood of experiencing price growth as a result of future development.

The pros and cons of under-construction property

For people that are not end-users but rather invest in properties for returns, an under-construction house is always a superior choice. the value of an under-construction home rises as it progresses through the phases of completion. The difference between launch prices and prepared possession prices of such a property is quite significant. the best price quantum leap occurs when the buyer gets possession of the flat. Therefore, if a housing unit during this category is reserved at an early stage and subsequently sold off just before taking possession, it'd generate very large financial returns for property investors.

Properties under construction have more flexible pricing choices, like periodic payment plans and several enticing offers, making them cheaper than ready-to-move-in houses. When all other parameters like location, size, and amenities stay constant, a property under construction is usually somewhat less expensive than a completed home with the same qualities. Pricing differences might range from one-ten to thirty percent or more.

The possibility of the builder defaulting is the most obvious disadvantage of purchasing an under-construction property. The builder may cause prolonged delays or failure to finish the project, potentially leading to significant financial losses to property buyers. A delay in taking ownership of the property can also occur as a result of legislative changes that impact the real estate industry, variations within the supply of raw materials like cement, and unfavorable socioeconomic or political circumstances just like the Covid-19 pandemic.

What is a ready-to-move-in home?

A property that has finished construction work and is consequently ready for immediate occupancy is mentioned as being "ready to move in." As a result, the customer need not be concerned about the possibility of occupancy delays.

The pros and cons of ready-to-move-in property

The main advantage of a ready-to-move home is that you know exactly what you're getting. Before investing money in a ready-to-move home, the homebuyer can check the development quality. Additionally, the customer can check to his satisfaction that the housing unit exactly matches the characteristics and services listed in the sales brochure by the real estate developer. Before you sign the contract, the prices are transparent from a financial standpoint. you're aware of the full expense of owning and residing in the property. These cover EMI costs also as maintenance fees and other extra expenditures. you're told the specifics of these in advance. Additionally, ready-to-move-in properties allow you to save lots on GST. After completing the payment procedures and documentation, you'll move into the flat and enjoy your new lifestyle.  

One of the biggest disadvantages of purchasing a ready-to-move-in property over an under-construction one is the massive cost. the value difference could range between 20 and 30 percent. it's quite simple for a property that is still under construction to monitor the progress of the project and learn about the construction's quality, including the materials used, the steadiness of the foundations, etc. However, you can't undertake such an inspection in a completed flat. 

Purchasing a ready-to-move-in property doesn't always guarantee a brand new home, as does purchase an under-construction property.  The apartment you bought may be on the market for a long time. Therefore, if it hasn't been properly maintained, it could appear old. 

What is the right choice for you?

The buyer must understand the goal of the purchase in order to make the right choice between a ready-to-move home and an under-construction property. If you're an investor, an under-construction range in Mumbai, Bangalore & Ahmedabad could be the best option for you. although the capital value is lowest during the construction period, it rises because of the work advances. For those seeking immediate possession, a ready-to-move-in apartment is acceptable. However, you'll choose under-construction projects if your goal is to live there in the future because they are generally less expensive, leave more customization, and are more flexible. Although purchasing a home is often a risky business, doing all of your homework and considering your long-term financial goals will help you make a smart decision.


Points to stay in mind when investing during a ready-to-move-in or an under-construction house

  • Determine your whole allow the purchase of the property and make sure your finances are in order in advance.
  • All required licenses and approvals should be in situ for the property.
  • To determine the project's viability and quality, all information referring to the other parties involved (such as banks, advisers, etc.) should be gathered.
  • According to your normal commute requirements, choose the acceptable location.
  • Buyers should search for reviews about the project, developer, and locality on the web and on social media.


If you are looking to invest in an under-construction home the below-mentioned projects could be the best option for you.

Godrej Splendour At Whitefiled Bangalore.
Godrej Park Retreat At Sarjapur Bangalore.
Godrej Anand At Aerospace Park Bangalore.
L&T West Square At Seawoods Navi Mumbai.

If you are looking for a ready-to-move-in home then the below-mentioned projects could be the best option for you.

Hiranandani Castle Rock At Powai Mumbai.
Vasant Oasis At Andheri Mumbai.
Runwal My City At Dombivali Thane.
Paranjape Blueridge At Hinjewadi, Pune

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