#under-construction properties

Real estate continues to be one of the most preferred investment options for individuals looking to build long-term wealth. While ready-to-move homes offer immediate occupancy, under-construction properties often provide better opportunities for capital appreciation, flexible payment plans, and future growth. For both investors and homebuyers, purchasing a property during its development phase can be a strategic decision that delivers significant value over time.

One of the biggest advantages of investing in an under-construction property is the lower entry price. Developers typically launch projects at attractive introductory rates, allowing buyers to secure a home at a cost that is often lower than a completed property in the same location. As construction progresses and demand increases, property prices tend to appreciate, creating an opportunity for higher returns by the time possession is offered.

Better Appreciation Potential

Various factors, including location, infrastructure development, and market demand influence the value of a property. When buyers invest early in an under-construction project, they can benefit from the appreciation that occurs throughout the construction period.

Areas witnessing rapid urban development often experience increased demand for residential properties. New roads, improved transportation, commercial developments, educational institutions, and healthcare facilities contribute to rising property values. Investing before these developments are fully realized allows buyers to maximize potential gains.

Flexible Payment Plans

Unlike ready-to-move properties that typically require substantial upfront payments, under-construction projects often offer construction-linked payment plans. This flexibility enables buyers to spread their investment over a period of time, making financial planning more manageable.

Some key benefits include:

Lower initial financial burden

Better cash flow management

Easier home loan planning

Opportunity to invest funds strategically during the construction period

For many buyers, this payment structure makes premium residential projects more accessible while reducing financial pressure.

Access to Premium Inventory

Early investors usually have the advantage of choosing from the best available inventory. Whether it's selecting a higher floor, better views, improved ventilation, or proximity to amenities, booking during the initial stages offers more choices.

This advantage can also positively impact future resale value, as premium units within a project are often more sought after by buyers and tenants.

Modern Projects Designed for Future Living

Today's homebuyers are looking for more than just a place to live. They seek modern amenities, security, convenience, and a well-planned community environment. This is where thoughtfully designed under-construction projects stand out.

For example, Vishwajeet Precious offers spacious 1 and 2 BHK flats in Kalyan west within a well-planned residential development. The project features lifestyle amenities such as a clubhouse, gymnasium, children's play area, landscaped spaces, sports facilities, retail conveniences, and modern security systems. These features not only enhance the living experience but also contribute to long-term property value, making the project attractive to both homebuyers and investors.

Infrastructure Growth Drives Returns

One of the strongest factors behind successful real estate investments is infrastructure development. Buyers who invest in under-construction projects often benefit from upcoming improvements in the surrounding area.

Some infrastructure developments that can positively impact property values include:

New railway and metro connectivity

Highway expansion projects

Commercial and business hubs

Educational institutions

Healthcare facilities

Retail and entertainment centers

As these developments become operational, residential demand typically increases, leading to higher property values and improved rental prospects.

Strong Rental and Resale Potential

Quality residential developments located in growing areas often attract tenants and future buyers. This creates opportunities for investors to generate rental income while also benefiting from long-term appreciation.

Properties that offer modern amenities, excellent connectivity, and a well-planned lifestyle environment generally perform better in the resale market. Projects align with these expectations, making them appealing choices for individuals seeking both lifestyle benefits and investment returns.

Conclusion

Under-construction properties continue to attract investors because they offer a combination of affordability, appreciation potential, flexible payment options, and future growth opportunities. By entering the market at an earlier stage, buyers can secure better pricing while positioning themselves to benefit from infrastructure development and increasing demand.

Dream of owning a house – should of course be fulfilled. Buying one’s own house is really an achievement, but this feat requires a lot of technical knowledge as well as physical, mental and financial strength.

 1. Available Choice

Home buyers can opt for under-construction or ready-to-move-in properties depending on their choice or budget. Under-construction as the name suggests are those structures or projects that are not complete and the construction is still going on. Ready-to-move-in are the ones which are completely ready for possession. Both have their own advantages and disadvantages and one can decide what to purchase after having a look at the pros and cons of both type of constructions.

 2. Under-Construction Properties 

This refers to the properties that are not yet completed but in the process of construction. Here are a few pros and cons of the same.

 Pros

Cons

Prices are less but rise as the construction progresses but a healthy appreciation on the capital investment can be earned. 

After receiving the commencement certificate, a builder can start the project but he also needs various other permissions from relevant regulatory departments.

As all the properties are registered with RERA, there won’t be any chance of foul play with the home buyers. 

Maintenance charges are not clear till the resident’s association is formed. These are recurring expenses and keep changing unless it is projected as a premium one.

Tax rates are reduced from 12% to 5% for residential properties and 8% to 1% for affordable housing without the Input Tax Credit. 

Delays in possession are possible due to various reasons like land disputes, lack of funds,  partial permissions from authorities, bankruptcy of builders, new regulatory policies etc.

All those changes that don’t alter the basic construction of the building are entertained.

The final product may differ a lot from the sample flat. Amenities and specifications should always be monitored to avoid such disparities.

One can sell the property closer to the possession and earn a healthy appreciation on capital investment.

One has to pay 12% of the total cost of property as GST if one purchases an under-construction property without a Completion Certificate.

3. Ready-to-move-in  

Ready-to-move-in homes are also known as inventory homes which are already complete or nearing completion. It is ready for immediate occupancy. Here are a few pros and cons with this type of properties.

 Pros

Cons

The key advantage of ready-to-move-in house is that it can be occupied immediately after one completes the payment and documentation of the unit.

A lot of legal work and documentation is required to get the ownership of a property.

The promised layout will be reflected in the ready unit. There will not be any disparities in the layout or other prominent features. Ready-to-move-in properties are hassle free and do not have any risk of delays.

There is almost no scope of any modifications in the ready-to-move-in unit.

These properties have been issued the completion certificate and hence are free from GST implication. 5% tax applied by GST for under construction units is not applicable here. One will also be exempted from paying GST.

Cost of ready-to-move-in will be higher as compared to under-construction ones though the other features may remain the same.

These units have a clear legal title and the buyer is assured of legal status.

One does not get a chance of checking the quality of construction as it is ready at the time of purchase.

A complete clarity on total cost and maintenance charges is already provided. All the costs are made clear before the deal.

 4. Individual Choice

It is a debatable topic. Each has its pros and cons. It all depends on the buyer and his financial status. People have their own choices. Some prefer for ready-to-move-in projects. However, the under-construction projects are no lesser when quality is considered though they may be a bit less in cost. One has to choose as per his requirement.

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