Pros & Cons of Under Construction Property vs Ready to Move Property

Investment in real estate can be a lifetime decision. So, it needs careful planning and consideration. While navigating the real estate market, real estate investors and buyers usually come across two options i.e. underconstruction properties and ready-to-move properties. These two property types offer unique purposes and intents with diverse tax implications. So, it is essential to know their benefits and drawbacks. The corresponding knowledge helps you to choose the most suitable type of luxury properties. Before understanding the pros and cons of each, let’s first get brief overviews of each of them:

Under-Construction Properties:

For buying under-construction properties, a buyer pays the amount to the builder in different stages of construction. Firstly, the booking charges are paid and then the payments are made in multiple installments according to the agreement with the developer/builder.

Commonly, these types of properties are renowned for their payment flexibility, cost-effectiveness, and decent property price appreciation. These aspects are important to consider if you want to buy this kind of property for sale in Gurgaon.

Ready To Move Properties

Ready-to-move properties are properties that are already built and available for instant occupancy. You obtain the property that you actually see. These ready-to-move-in apartments provide transparency on what you would get in the deal. If you are thinking of buying ready-to-move property, you must note that these properties are costly.

Now let’s get into the pros and cons of each of these property types: