How to make more money in Real Estate

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Under Construction Property or Ready to Move in?


  • Under Construction and Ready Properties.

  • Pros and Cons.

Comparison Saturday, 5th March 2016

If you are planning to buy a house then you must also be looking for the best deal you can get so that you could save money. Real estate prices are falling and it is rapidly becoming a buyer’s market. There are a lot of things that need to be considered while buying a house including amenities available, location, price, and whether to buy read to move in or under construction house. A lot of potential buyers get confused between under construction and ready to move in. It is true that making a choice cannot always be easy. However, here are some of the pros and cons of both that will help you make an informed choice.

Under Construction House

Buying an under construction house has become quite popular these days because of the number of offers made by the builders. The builder wants to sell as many flats as possible before the construction is complete. You will be surprised to know that more than 70 percent of the houses get sold even before the foundation brick is laid. Here are pros and cons of under construction houses:


Cheaper: Under construction houses are definitely cheaper than the read to move in flats. The cost difference between the two could be pretty significant. In the same location, a ready to move in house worth 50 lakh could cost you around 40 lakh if it is under construction. So, on an average, the difference in the prices between the two is anywhere between 20 to 40%.

EMIs are Low: EMI is paid usually after the commencement of construction. Therefore, in the beginning, the EMIs are lower.

Better ROI: An under construction house costs you less. However, once it is fully constructed it becomes ready to move in and the prices instantly go up. Therefore, you can buy the house at a lower rate and sell it later at a higher rate.


High Risk: Under construction houses are a riskier proposition. The builder may not be able to complete the project on time. Sometimes the project is totally stalled. Therefore, your money gets stuck.

May not get what was promised: Unless you are buying from a really reputed builder, the chances are that you may not get what was really promised to you.

Ready to move in

Because of the growing dissatisfaction among the buyers of the under construction houses, more and more people have started considering the read to move in flats. Here are pros and cons.


Available immediately: Ready to move in houses are available immediately. So, if you are moving in, you will have a place to live instantly.

What you see is what you get: There is no risk of not getting what you were promised as the house is already constructed and you can look at every aspect of it before buying.


Expensive: As already mentioned, ready to move in flats cost significantly higher than the under construction houses.

Construction: Since the flat has already been constructed, you cannot determine whether it has been built with the best grade materials.