Benefits of Buying Under Construction vs Ready to Move Homes in Pune

Do you wish to purchase a home in Pune? Buying a home is one of the most important personal choices in every individual’s life. With the developing IT sector and robust job market in the city of Pune, numerous individuals are seeking their dream home. Once you begin searching, you will be left with the primary decision of buying under construction projects in Pune or a ready-to-move-in house.

Both have their own benefits and flaws. It is your needs, your time, and your money that all come into focus. Let’s discuss the major advantages of both in order to make the correct decision in your case. 

Are Under Construction Properties the Smartest Choice?

1. Low Prices Save You Money

Ready-to-move houses in Pune are 10-30% more costly than ongoing houses. This is because you bear the risk of waiting. For under construction properties, low-budget buyers and first-time buyers have the best offers in terms of festive discounts, payment schemes, and exclusive discounts. This brings the ownership of houses within reach of first-time buyers or those looking to buy at an affordable price.

2. Flexible Payment Plans

Most builders in Pune offer easy payment options for under-construction homes. You may pay in installments while it grows on the land. This means smaller monthly payments instead of one large sum. Many developers also collaborate with banks to provide enhanced home loan support.

3. High Return on Investment

Properties in developing areas, such as Hinjewadi, Kharadi and Wakad have been appreciated by more than 50% in recent years. Whether it’s 2 BHK or 3 BHK flats in Pune, booking early means you get today’s prices and enjoy future appreciation. This makes under-construction properties great for investment.

Ready-To-Move Homes: The Convenient Choice?

1. Move In Right Away

The biggest advantage of ready homes is possession at once. You can move into the house as soon as you sign the documents. This works best for people who need housing quickly or don’t want to rent while waiting. Numerous 2 BHK flats in Pune are ready for immediate occupancy.

2. No Construction Delays

Ready homes remove the risk of project delays. You won’t worry about extended timeliness or builders facing money problems. This is a promise to consumers who wish to have certainty.

3. No GST on Complete Properties

Ready homes with occupancy certificates don’t have GST charges. This can save you thousands compared to under-construction properties where GST applies.

Cost Comparison

When comparing under-construction homes and ready-to-move properties, cost plays a major differentiator. Under-construction homes generally come with a lower base price, although buyers need to account for additional expenses such as GST (ranging from 1–5%) and other charges. Despite these extras, the overall investment still tends to be lower. On the other hand, ready-to-move homes typically come with a 20–30% higher price tag. However, they do not attract GST and only require registration costs. As a result, the total cost of ready-to-move homes is usually higher compared to under-construction properties.

Conclusion

Be it a house under construction or a ready-to-move-in house, the best among them depends on your personal requirements, like budget, plans, and the period of waiting. Although under construction projects in Pune might provide more favourable prices and flexibility, ready homes provide possession immediately and less risk.

Are you planning to invest in or own a house in Pune? And don’t know where to start and who to trust? Then, Gera Developments Private Limited is the perfect team you are looking for. We possess over half a century of experience in developing high-quality residential properties in leading cities, including Pune and Goa, with successfully delivered around 64 projects and more than 8 million sq ft under development.

Select with confidence and choose Gera Developments Private Limited for a home that is suitable for your needs and surpasses your expectations!