Choosing Between Ready-to-Move and Under-Construction Homes in Pune

If you are investing in a home in Pune, you have indeed made the right decision. After all, Pune has long been the favourite residential destination of those seeking peaceful living. And now with the emergence of IT hubs and the transformation of Pune into a commercial hub, it has turned out to be the favourite of those looking for a bright future as well.  But if there’s one dilemma that every homebuyer or investor faces when buying a property in Pune is whether to invest in a ready-to-move or an under-construction home in Pune. In this blog, we will take a look at the advantages and disadvantages of each to help you make an informed decision. Read on. 

Let’s first take a look at the advantages and disadvantages of owning a ready-to-move property in Pune. 

A ready-to-move home in Pune won’t make you wait. Immediate Possession is one of the most important advantages of owning a ready-to-move property in Pune. As there is no waiting period, you can move in as soon as the payment and documentation process is complete.

No Construction Delays

Ready-to-move homes eliminate the risk of construction delays. Projects can sometimes face delays due to various reasons like regulatory approvals, labour shortages, or funding issues, but with a completed property, you avoid this uncertainty. In addition, you also save yourself from stress due to legal or any other hassles that might arise because of delays in construction. 

What You See Is What You Get with a Ready-to-move Home in Pune

You can inspect the property physically before making a purchase. This allows you to evaluate the quality of construction, the exact view from the property, and the amenities provided by the builder.

Benefit from Immediate Tax Benefits

Home loan borrowers start receiving tax benefits on both the principal and interest repayment right after the possession of a ready-to-move home. In addition, you could also benefit from No GST, dispensing your state laws and regulations. 

A Ready-to-Move property in Pune Saves Your rent 

If you are living in a rented apartment, buying a ready-to-move home can save you from the double financial burden of paying both rent and home loan EMIs.

Disadvantages of Owning a Ready-to-move Property in Pune 

Be ready to shell out more 

Higher costs are one of the most deterring disadvantages of owning a ready-to-move home in Pune. These homes are usually priced higher than under-construction properties. The convenience of immediate possession and eliminating uncertainty does come at a premium.

Forget your customization plans 

Since the property is already constructed, you cannot make significant changes to the layout or design according to your preferences.

Older Properties

Not always but at times, when the property is unsold for a long time, it may require maintenance or renovation, adding to the initial costs.

Now that we have looked at the pros and cons of owning a ready-to-move home in Pune, let’s see how under construction homes hold merit in this regard. 

Advantages of Under-Construction Homes

Lower Initial Costs

Under-construction homes are typically priced lower than ready-to-move properties. This can be beneficial if you are looking to invest with a smaller initial outlay.

Flexible Payment Plans

Builders often offer flexible payment plans for under-construction properties. This can ease the financial burden compared to the lump-sum payment often required for ready-to-move homes.


Buying an under-construction home allows for a degree of customization. You can sometimes choose layouts, fixtures, and finishes that align with your preferences.

Potential for Appreciation

Properties bought at the construction stage can appreciate in value by the time they are completed, providing a higher return on investment.

Modern Amenities

New constructions often come with the latest amenities and facilities. They are designed to meet contemporary needs and lifestyle standards.

Disadvantages of owning an under construction home in Pune

Construction Delays

One of the most significant risks with under-construction properties is the potential for delays. These delays can disrupt your plans and increase your costs if you continue to rent.

Quality Uncertainty

There is always a risk that the finished product may not meet the promised standards. You have to rely on the reputation of the builder and the specifications mentioned in the agreement.

No Immediate Tax Benefits

Tax benefits on home loans can only be claimed after possession, which means you might not get immediate tax relief on your investment.

Double Financial Burden

If you are currently renting, you will need to manage the financial burden of both rent and the home loan EMI until the property is ready.


Kohinoor Group

By considering factors like the purpose of the purchase, financial planning, developer reputation, location, legal clearances, and potential resale value, you can make an informed decision that aligns with your needs and goals. Whether you choose a ready-to-move home or an under-construction property, Pune’s dynamic real estate market offers ample opportunities to find your dream home. If you are looking for a home in Pune, you must take a look at residential properties in Pune by Kohinoor Group Pune. The group, recently crowned as Pune’s fastest growing real estate developer, takes pride in its rich legacy of 40 years, and an array of residential landmarks it has crafted in Pune’s prime destinations.

Related Post - Living in Pune: Renting vs. Buying – What Makes Sense in 2024?



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