Ready-to-move-in v/s under construction

Q: Which is a better option buying ready-to-move-in apartment or under construction apartment?

Supratim,

26th February 2013

Real estate News in Bangalore

properties in bangalore

ready-to-move-in apartment

under construction apartment

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Replies (7)

The most important drawback of resale property is age. Since it is not newly developed, you need to ensure that the selected property should not be more than 10 years old.

Ramesh Hegde, Hyderabad

6th June 2016

Comment

In under construction projects, delay in delivering projects is the main problem. This is due to the challenges developers face to complete projects due to late approvals, increase in input costs and limited funds.
To avoid this risk in future, you need to verify developer’s credentials. While investing in property, it is necessary to check the background details of the developers. To lesser the risk, ensure that you pay the exact price of the property you have finalized. You can also take advice from property consultants for property valuation.

Pranab Malakar,

1st March 2013

Comment

Under-construction houses provide benefits for both the end-users and developers. The end-users get cost benefit and developers get their customers even before they get the possession. In an under-construction house, one can get higher returns over time which is not possible in an already built home.

Balwinder Singh,

1st March 2013

Comment

When a developer come up with a new project in the market, they promote their project in all possible medium such as radio, newspaper, television and other mode of communication. The aim is to sell as many flats as possible to end-users before they complete their project. Projects of well-known developers get advance booking even before they start their project. Although, the rate of under construction properties is less than the ready-to-move- in homes.

Puneet Laskar,

1st March 2013

Comment

The advantage of buying an under construction property is the payment of low EMIs, which means EMIs are paid according to the progress of work in each stage and hence, the EMIs in the preliminary stage are very low for such projects.

Diwakar Shetty,

27th February 2013

Comment

It is very common that in real estate business, investors as well as potential home buyers choose under-construction projects because of cheaper rates. However, while buying an under construction house, it is always better to go for reputed developers’ projects.

Lokesh Patwa,

27th February 2013

Comment

In today’s market, the property rates are sky rocketing. However, an under construction property quotes lesser price in compared to ready-to-move-in property.

Indrajit Kaul, Bangalore

27th February 2013

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