Ready to move-in or under construction flat, which is better for you?
Buying a home in India is not a decision made in a spur of a moment. It is a decision to be taken after much contemplation and research. Some home buyers get confused about whether to go for plans offered by developers or go for a ready to move-in flats. For those who are stuck in this jinx, here is a small analysis.
Flats under construction: Developers offer different plans to home buyers depending on the home buyers’ affordability and need. The RoI in these projects is high as they are much affordable compared to the ready to move-in ones. This is ideal for home buyers planning to purchase their second home. The major disadvantage of projects under construction is delays, price escalations, variance from the planned layout, etc. Home buyers opting for these plans for their first home, will have to shell out money not just for their new home which is under construction but also for their rental accommodation.
Various plans offered by developers: