Struggle to Choose Under-Construction and Ready to Move–In Properties? Let Us Help You Decide

VRX MAGNAAug 09, 2023

When it comes to home buying, every homebuyer has to make a decision to purchase either an under-construction property or a ready-to-move-in property at some point in time. However, each option has its pros and cons. Many people find it difficult to make a choice and end up in a dilemma. So, in this article, we will provide you with the much-needed insights that will help you make an informed decision.

Time Factor:

When you choose an under-construction property, you have to wait until the project gets completed. Often, buyers have to wait for a few years, which can be quite an inconvenience for families that want to move in right away. Conversely, you can move in right away if you opt for a ready to move-in property. However, keep in mind that ready-made properties may have some wear and tear, so it is recommended that you inspect the property before making an offer.

Cost Factor:

Usually, under-construction properties are less expensive than ready-made properties. Developers offer promising pricing schemes within an affordable range for the under-construction property, which makes it an attractive option for many buyers. However, with ready-made properties, you might end up paying extra money as compared to an under-construction property due to the builder's ability to charge a premium for properties that are ready for immediate possession.


There is no scope for customization in ready to move-in properties. You will have to settle for what you get, which might not always match your taste. However, with under-construction properties, buyers enjoy the benefit of customization. Be it interior designing, painting, changing the layout, or adding wooden flooring, under-construction properties allow you to add personal touches that resonate with your taste and preference.

Risks Involved:

There are always risks involved when it comes to under-construction properties. Developers can often fall behind on their deadlines and there are times when buyers do not get possession even after paying the entire amount. On the other hand, purchasing a ready to move-in property has no construction risk which makes it an ideal option for buyers who need a place to live immediately.


Under-construction properties have a lower stamp duty and registration fee applicable at the time of purchase as compared to ready-made properties. However, If you are opting for a ready-made property, buyers are eligible for low-interest home loans as against loans for under-construction properties. So, depending on your preference and financial requirements, you can make a wiser decision.

If you are a homebuyer looking for newly constructed flats for sale in Chennai or properties in Chennai, paying attention to the above-mentioned factors will help you to choose between under-construction and ready-to-move-in properties. Remember, there is no one-size-fits-all solution. It all comes down to your budget, timeline, personal taste, and preferences. Ultimately, the key is to weigh the pros and cons of both options before making a wise and informed decision.

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