Under-Construction V/S Ready-to-Move Real Estate

by Black Panther
Under-Construction V/S Ready-to-Move Real Estate

People have different opinions when choosing properties. Real estate markets can be inherently unpredictable, and external economic factors can impact the property’s value by the time it’s completed. In order to make an informed decision, it is crucial to comprehend the differences, pros, and cons between two types of real estate projects in Mumbai under-construction and ready-to-move properties. These options cater to different needs and risk tolerances. First, let’s delve into the definitions and characteristics of both under-construction and ready-to-move properties, in order to understand the right choice for you according to your needs.


Also known as off-plan properties, it refers to those real estate projects or upcoming projects in Mumbai that are still under construction or have not yet substantially reached stabilization. These kinds of properties portray an intriguing prospect for home buyers and investors alike. Another reason for contemplating off-plan purchase is the potential investment risk associated with it. As they hold a unique allure for both homebuyers and investors, there are several factors that need to be considered when thinking about an off-plan purchase.


  • One of the main benefits of buying/undertaking under-construction real estate projects is that you can acquire it at a lower cost and sell it at a higher price once the construction is complete, depending on the location, amenities, region, etc.
  • A property that is still under construction would offer significant flexibility in payment options, like payment deposits, giving the buyer plenty of time.
  • The property must be registered under RERA, which would automatically require property builders to abide by ethical business practices.
  • If the real estate market is on an upswing, its value may appreciate by the time its completed, providing a potential opportunity for a good return on investment.
  • Under-construction properties provide significant flexibility in payment options. It may benefit the buyer’s payment plans that allow for installment of payments or deposits over time, easing the financial burden.


Constructional accidents are one of the major cons of buying an under-construction project. You may have to bear additional charges such as maintenance, parking, etc. till the property is in your possession,you may also have to bear increased cost of property if the expected deadline increases. Inflation is another barrier where if prices increase or decrease it affects the construction process and further costing of the project. An under construction property cannot be occupied immediately that affects those who need a place to live or operate a business.


Compared to under-construction properties, ready-to-move properties refer to apartments or homes that are fully constructed and immediately available for occupancy. There are various types of apartments, such as, fully furnished, semi-furnished, or unfurnished, and are available for immediate use. You don’t have to bear additional charges of maintenance, parking etc.


  • You can move in right after all payments are cleared and all documents are done, it also relieves you of additional charges of rent and EMIs.
  • You get what you see, you can also physically inspect the property and evaluate the final product before buying. Communicating with nearby residents is a good idea.
  • No risk of construction accidents and unwanted GST payments.
  • Often located in well-established neighborhoods consisting of the required amenities and infrastructure with transportation facilities


  • It has a higher property cost and a price discrepancy ranging from 20-30%. Inability to check the construction quality and the sturdiness of the apartment.
  • A ready-to-move in property may not always be new, there also maybe a possibility of the flat not being rented/sold for a while. As a result it could appear old if it’s not maintained properly.
  • Since the property is already built, its value appreciation might be lower as compared to under-construction projects.


Choosing between under-construction and ready-to-move properties involves a careful assessment of one’s preferences, needs, and risk tolerance. Each category offers distinct advantages and disadvantages, and the decision should align with individual circumstances. It is essential for possible buyers to conduct thorough research and evaluate their financial capabilities and think about the way they want their homes to be before making a real estate investment. By understanding these characteristics, pros, and cons of both under-construction and ready-to-move properties, individuals can make better decisions that suit their unique goals and aspirations in the world of real estate.

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