Ready-to-move-in Vs Under-construction Property, the best option for you in Gurgaon

Posted by Diksha Sharma
5
Real Estate & Property
Jun 8, 2020
436 Views

Let us get right into it, first, let's talk about under-construction properties. They more often than not do attract a lot of potential buyers due to its criteria of calling for lesser payments when you compare them to the ready-to-move flats in Gurgaon. 


However, many worries when it comes to investing in under-construction property as it brings in tension and various problems to the buyers as they might end up facing delay in possession or if you can't get access due to the long battles.


Having said that, it's time to evaluate the pros and cons of under-construction property:-


Pros

Cons

  • Investing in an under-construction home can be a cheaper option when compared to the one which is ready-to-move-in. The thing that plays a major role in the same is the cost involved in property making.


  • The next thing in line is payments. You can pay in installments as the work progresses. Thus, when it comes to under-construction flats, the initial installment paid is low.


  • Therefore, creating a win-win situation for both consumer and the seller, seller because they get a ready-to-move-in set of customers while construction and on the other hand, the buyers get cost benefits.


  • You can also get higher returns if you are opting for an under-construction property as the price paid is less.

 

  • One of the biggest con is that we don’t know what the future looks like when buying an under-construction house.


  • When you buy an under-construction property there are more risks compared to ready to move in property in Gurgaon. 


  • There have been several cases where builders were unable to finish the property on time, resulting in buyers losing their money. 


There are reasons that cause this issue and i.e. cash crunch, high interest rates or even high cost of raw materials.


Ready To Move Apartments in Gurgaon


Now let us talk about ready-to-move-in for possession.  The urban buyers these days prefer buying such properties as it not only saves time but is considered the safest option and provides you with the flexibility of moving anytime you want.


Pros

Cons

  • When you invest in such properties, you don’t have to wait to move. All you have to do is make timely payment, sign the necessary documents, and pack your bags!

  • One of the most vital benefits that comes along with this kind of property is -what you see is what you get and can even get feedback from the people who are residing there.

  • Once you move to your new home, you won’t have to pay any rent. All you have to pay is EMI for your home loan.

  • One of their advantages is that it is 25% more expensive than under-construction property.

  • The second most important thing is payment terms, you will have to shell a lot of money which makes it harder for a buyer.


We would like to conclude by saying that before you pick anything, do some more research and ask your friends and family- what are their thoughts about this and then make the decision.
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