Buying a home is one of the most important decisions in life, both emotionally and financially. Pune is one of the fastest growing cities in India, offering plenty of housing options for every type of buyer. However, many homebuyers often find themselves confused between ready to move flats and under construction properties. Both have their own set of advantages and risks. Choosing the right one depends on your personal situation, financial comfort, and investment goals.
In this Article, let’s explore the key differences between these two types of properties to help you make a well informed decision.
What is a Ready to Move Flat?
A ready to move flat is one that is complete in all respects and is available for immediate possession. You can inspect the actual property, evaluate and move in without any waiting period. This option suits homebuyers who are either planning to shift immediately or want to avoid the uncertainty of construction delays.
Benefits of Ready to Move Flats
- Immediate Possession
You can move in right after making the payment and completing the paperwork. This is ideal for people who are currently renting and want to save on rent. - No GST
One of the biggest advantages is the exemption from Goods and Services Tax. This reduces your overall cost compared to an under construction property. - Rental Income
For investors, a ready to move flat can start generating rental income from day one.
Limitations of Ready to Move Flats
- Higher Price
These units generally cost more per square foot compared to under construction ones. The price includes the benefit of instant availability. - Limited Customisation
Since the construction is already complete, there is very little scope for altering layouts or interiors. - Older Inventory
In some cases, you may not find the latest amenities or modern designs in ready to move flats.
What is an Under Construction Flat?
An under construction flat is one that is still being built and will be ready for possession in the future. These are ideal for buyers who are not in a hurry to move in and are looking for better appreciation potential.
Benefits of Under Construction Flats
- Lower Cost
These properties usually come at a lower price compared to ready to move ones. You also get the benefit of price appreciation by the time the project is completed. - Modern Layouts and Amenities
Most new projects offer smart home features, better space planning, and attractive common amenities such as rooftop gardens, coworking spaces, and fitness areas. - Flexible Payment Plans
Builders often offer construction linked or milestone based payment plans. This helps in easing the financial burden by spreading out payments over time. - Customisation Opportunities
Buyers may be allowed to choose floor tiles, kitchen layout, or wall colours based on the builder’s policy.
Risks of Under Construction Flats
- Possession Delays
One of the biggest drawbacks is the uncertainty of delivery. Despite regulations, delays can still happen due to funding, approvals, or labour shortages. - GST Charges
Unlike ready properties, these units attract Goods and Services Tax, which increases the total cost. - Developer Reliability
Your entire investment depends on the builder’s reputation and capacity to deliver. Any issues in execution can result in delays or even legal troubles. - No Immediate Use
You cannot move in right away. This is a challenge for those paying both rent and home loan EMIs.
Apartments in Pune: What to Keep in Mind
Pune offers a wide range of housing choices from luxury high rises to compact 1 BHK units, especially in growing areas like Wakad, Hinjewadi, Kharadi, and Undri. Whatever you choose, always check for RERA registration, legal clearances, and the developer’s past track record.
It is also advisable to visit the project site, speak to existing residents or nearby homeowners, and take the help of a real estate advisor. Pune’s property market is relatively stable and continues to attract professionals, students, and investors due to its education hubs, IT corridors, and improving infrastructure.
Which One Should You Go For?
The final decision depends on your needs. If you are looking to shift quickly, avoid construction risk, and want peace of mind, a ready to move flat is the right option. You can inspect the actual apartment, calculate your costs upfront, and move in without delay.
On the other hand, if you can wait and are looking for modern amenities, better pricing, and higher appreciation, then under construction apartments in Pune might be more suitable. Just ensure that the project is RERA approved and backed by a reliable developer like Abhinav Group, which has a strong presence in Pune and a good reputation for timely delivery.
Also, consider your financial position. If you are renting currently and also paying EMIs, a delayed project can become stressful. But if you are planning for the future and can wait for possession, then the benefits may outweigh the risks.
Conclusion
Choosing between ready to move and under construction flats is not a one size fits all decision. It requires a careful look at your goals, timeline, and financial readiness. Both options have their pros and cons, and both can be great investments if chosen wisely. With experienced developers like Abhinav Group offering trustworthy options in Pune, you can find a property that meets your expectations and secures your future.
