Under Construction vs Ready-to-Move-In Homes – Which Is Better?
While searching for a quality property in Pune, buyers face the dilemma between two major choices: under-construction property or a ready-to-move-in home. Whether it’s a compact apartment in the city or a spacious villa on the outskirts, the decision depends on budget, timelines, and expectations. Let’s explore the pros and cons of both to help you decide what works best for you.
Immediate Possession vs Waiting Period
A ready-to-move-in home offers the benefit of immediate possession. You can visit the actual apartment or villa, explore and assess the layout, and shift in without any delay. It’s ideal for working professionals or families that want to avoid rent or need to move quickly. In contrast, under-construction properties come with a waiting period that can range from months to years. However, this time can be used to plan finances and interior choices if you’re not in a rush.
Cost Advantage
In general under-construction properties are priced lower than ready-to-move homes, even if they are in the same location. This makes them attractive to first-time buyers or investors looking for long-term gains. Ready-to-move-in properties, especially fully furnished homes, come at a premium. You’re paying not just for the property but also for convenience and speed.
Customization and Finishing
When you book an under-construction apartment or villa, you may have the chance to customize layouts, flooring, or fittings as per your preferences, and depending on the builder’s flexibility. You’re part of the process, from blueprint to brick. With ready homes, what you see is what you get. Customization is limited unless you plan to renovate post-purchase.
Risk Factor and Developer Reputation
One of the major issues with under-construction homes is project delays or non-delivery. Timely possession is of utmost importance. Choosing a real company in Pune with a trustworthy track record, RERA registration, and financial stability is crucial. Ready-to-move homes eliminate these risks as the project is complete. You can verify all documents, construction quality, and amenities before purchasing.
Taxation and Rental Income
GST is applicable on under-construction properties, which adds to the total cost. On the other hand, ready-to-move-in homes are GST-free and can be rented out immediately, generating income from day one.
There’s no one-size-fits-all answer. If you seek lower pricing and are willing to wait, go for an under-construction property from a reputed developer. If you’re looking for immediate occupancy and minimal risk, a ready-to-move-in fully furnished home is the way to go.
Whatever your choice, make sure to evaluate the builder’s background, legal clearances, and future growth potential, especially when investing in a property in Pune, one of India’s fastest-growing real estate markets. To know more about the properties of Destination NXT, connect with us.
