Choosing Your Dream Home: A Dive into the Pros and Cons of Ready and Under-Construction Properties

Once a family decides to move into a new home. What follows next is a tough decision. A decision to choose between an under-construction or ready-to-move-in home. And as such determining which of these makes the most sense for you can be challenging, since both alternatives come with their own set of pros and cons. Navigating this complex decision will require careful consideration on your end. The need of the hour for you will be to make a well-informed choice that is grounded in calculations and factual analysis.

This guide aims to provide you with a brief analysis of buying a ready or under-construction property from builders and developers in Mumbai.

1. Buying Under-Construction Properties


Better Pricing: Under-construction properties are in comparison better priced. They also offer flexible pricing options and enticing offers.

Higher Rate of Price Appreciation: Properties appreciate in value during construction, and other infrastructure improvements in the area will definitely contribute to increasing the worth of your property.

Flexible Payment Options: Buyers enjoy greater financial flexibility with staggered payment plans which require only a small deposit from investors initially.

New Construction: Since an under-construction property gives you a brand-new home it gives you a certain level of flexibility to customise your home as per your need.


Greater Risk: Investing in a project under development carries the risk of uncertainties. One way to mitigate that would be to invest in builders in Mumbaiwho have a proven track record of timely delivery.

Lack of Design Forseeability: There’s a risk of not being able to accurately imagine exactly what the end product would look like.

Tax Repercussions: Under-construction properties attract GST, and tax benefits are limited to ready-to-move-in properties under certain sections of the Income Tax Act.

2. Buying Ready-To-Move Property


Instant Accessibility: Ready-to-move-in properties offer immediate possession, eliminating the need to juggle rent and EMIs simultaneously, giving your family the home they desire instantly.

No Uncertainty: There’s a minimal risk of discrepancies when buying a ready-to-move home with top real estate companies. Since the finished product can be seen and inspected before purchase.

No GST : Ready-to-move-in properties are exempt from GST. If in case buyers opt for a home loan there are certain provisions under the Income Tax Act for rebates & exemptions. (Please check with your financial advisor beforehand.)


High Property Cost: Ready-to-move-in properties attract higher prices compared to under-construction properties.

Property Age: Ready-to-move-in properties might not always guarantee a brand-new home, potentially leaving the buyer susceptible to facing issues if not maintained properly.

Absence from RERA : Absence from RERA: Older ready-to-move-in properties may not be covered by RERA as per the new property laws of the Indian government.


Both under-construction and ready-to-move-in properties have their merits and evaluations. Buyers should carefully weigh factors such as their budget, risk tolerance, and the desire for immediate possession before making a decision. Conducting thorough due diligence, including builder background checks and understanding tax implications will also play a crucial role for a well-informed property investment. As a rule, one should focus on investing in real estate developerswho have a long history of trust and deliverance in the region, like Sunteck Realty.


Is it good to buy under-construction property or ready to move?

Choosing between under-construction and ready-to-move properties depends on individual preferences and circumstances. Under-construction properties may offer customization options but involve certain uncertainties. Ready-to-move properties provide immediate occupancy but may have fewer customization opportunities. Consider your priorities, risk tolerance, and timelines before deciding.

What are the risks of under-construction property?

The risks of under-construction property include delays in completion and potential differences between the imagined product and the delivered product. These risks can be mitigated by doing thorough research of the property and developer one chooses to go ahead with as well as choosing a developer who is well-known for timely delivery.

What are the benefits of under-construction projects?

Under-construction projects offer benefits such as lower initial costs, flexibility in payment plans, customization options, the potential appreciation in property value upon completion, and the opportunity to invest in upcoming or developing areas.