Are under construction apartments better than completed ones?

Q: I want to buy an apartment in Kochi. I have heard that most people are going for under construction apartments than completed ones. What is the reason behind it? Please advice.

Ayesha Bibi, Kochi

22nd October 2011

Buying property in Kochi

apartment in kochi

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Buyers opt for under construction apartments more because they do not have to put I the whole capital altogether and can pay marginally. Second option is they can customize their own apartment as it is built within time. Most developers, by the time they come to the occupancy stage, have less than 5% of the apartments available as ready-to-occupy units.