Introduction
Not sure whether to buy an under-construction property or a ready-to-move home? Here’s a comparison to help you decide.
Under-Construction Properties: Pros
Lower cost: Typically cheaper than ready-to-move options.
Flexible payment plans: Payments are spread out over time.
Customization options: You might be able to personalize interiors.
Cons:
Possession delays: Construction delays can disrupt plans.
Higher risk: Be cautious of builders with a poor track record.
GST applicable: Adds to the overall cost.
Ready-to-Move Homes:Pros
Immediate possession: Move in as soon as you buy.
No risk of delays: The property is already complete.
No GST: Only under-construction homes are subject to GST.
Cons:
Higher cost: These are often more expensive.
Limited choices: What you see is what you get—no customization.
Conclusion
Choose under-construction properties if you’re okay with waiting and want to save money. Go for ready-to-move homes if you value immediate possession and certainty.
