The real estate market offers two options for homebuyers: ready-to-move-in apartments and ongoing construction properties. Both have their pros and cons, and the choice between the two depends on individual preferences, financial situation and future plans. This article highlights the differences, benefits, and downsides of both to help homebuyers make informed decisions.
Ready to Move in Apartments
Pros
1. Immediate Occupancy: Ready-to-move-in apartments are ideal for buyers who are keen on occupying a new house immediately.
2. Physical Inspection: One of the unique features that are associated with ready-to-move-in apartments is that you can physically take a look at the property and make a decision about when to buy it. With such a license, buyers are able to have a glimpse at everything they deem fit in the building, from the construction to the rooms, features, and surroundings of the property.
3. Lower Risk: Ready-to-move-in properties pose no risks of construction delay or changes to the project. This renders them a safer bet of investment, and there is no necessity to be worried about the construction period being longer than expected.
4. Savings on Rent: A ready to move in apartment helps you to occupy the house immediately; hence it helps you save a lot on rent. And if you are buying the property for the purpose of renting out, you can start collecting rent right away.
5. No GST Impact: If you are buying a ready to move in apartment there is no GST that you will be required to pay. It can save a lot of money in the process.
6. Legal Security: Buyers ensure that ready to move in apartments meets all legal and regulatory norms. Additionally, there is less chance of any future legal complications regarding the property’s status.
7. Simpler Loans: Banks and financial institutions are more willing to give loans for a ready-to-move-in apartment than for an ongoing construction property.
Cons
1. More Expensive: Ready-to-move-in apartments are more expensive than ongoing construction properties.
2. Limited Customization: Ready-to-move-in apartments are structure that are already in place; thus, buyers do not have much freedom to alter or change them. They have to accept it as it is, which may not be up to their requirement or preference.
3. Older Construction: The layout and design of older apartments may feel outdated compared to modern standards. Additionally, older buildings might lack modern amenities such as open floor plans, advanced security systems, or smart home technologies.
Ready to Move in Apartments In Pune By Naiknavare Developers
Kutumb by Naiknavare
If you’re looking for a ready-to-move-in apartment, your search ends here. Presenting Kutumb by Naiknavare – luxurious apartments designed for a healthy, comfortable, and elevated living experience.
India’s first-ever Intergenerational Community, Kutumb by Naiknavare powered by Primus, is designed with row houses, duplex households, townhouses, and 2 BHK and 3 BHK flats. Located in Talegaon, Pune, Kutumb is perfect for all generations of Indian families. The project is situated in Vadgaon Maval on the Old Mumbai-Pune Highway and only 5 minutes from Talegaon Expressway toll plaza.
Spread over a gross area of 15.55 acres, with scenic views of the adjacent reserved forest and Indrayani Valley, Kutumb promises a serene and comfortable living environment. The extra facilities include a swimming pool, gymnasium, jogging track, indoor games room, kids’ play area, conference room, party lawn, clubhouse, and landscaped garden, ensuring all its residents maintain their health and enjoy their leisure.
The main target of Naiknavare Developers through Kutumb is to bring back the Indian family culture where the young generation gets a chance to spend quality time with grandparents and where, in turn, the grandparents get a chance to enjoy quality time at the hands of the next generations.
Make a home in India’s first ‘Joint Nuclear Family,’ where three generations can reside healthily.
Secure your dream home at Kutumb today – where luxury, comfort, and community come together!
Ongoing Construction
Pros
1. Lower Starting Price: Builders offer ongoing construction homes at a cheaper
price than ready-to-move-in apartments in a bid to attract more buyers to invest in ongoing construction properties.
2. Easier Payments: This step-by-step payment plan helps buyers handle their money
better and get loans more easily. People who buy early can also gain from
rising prices as the project gets closer to being finished, especially in areas where the market is growing fast or where there is a lot of demand.
3. Possible Increase in Value: This means that the ongoing construction house could be
worth more once it’s finished. If you buy it for a lower price and then sell it for a higher price, you could make a nice profit.
4. Personalization: Ongoing construction properties allow you, to some degree, decide how the inside of your home will look, based on what you want.
Cons
1. Building Delays: One major concern with ongoing construction homes is always the
fact that construction work may take longer than expected. This may be due to regulations, finances, or construction problems.
2. Increased Risk: Ongoing construction projects can sometimes be halted midway, turning
them into a costly and frustrating ordeal.
3. Lack of Certainty: Until the whole home is built, it is hard to determine what the final look of the home is going to be. The function, materials used in constructing it, and the physical outlook may not be as was planned or desired.
4. GST Consideration: When dealing with ongoing construction properties, GST is usually added to the amount which makes the overall cost very high.
Ongoing Construction Projects in Pune By Naiknavare Developers
Dwarka by Naiknavare
Our ongoing construction project, Dwarka, meaning ‘gateway to heaven’ in Sanskrit, is driven by our mission to establish a township amidst the deep blue waters where all our residents can live a holistic and serene lifestyle.
A 65+ acre township, Dwarka, located on the Chakan-Talegaon Road, offers 1, 2, and 3 BHK flats in Chakan, Pune. Built on the philosophy of inclusive urban living, Dwarka aims to welcome individuals from diverse socio-economic backgrounds. This self-sufficient township is strategically located and comes with 10+ Phases, 6000+ Flats, a school, hotel, hospital, sports centre and a vast forest area.
If you’re looking for flats in Pune that provide stunning views, fresh air, and a peaceful lifestyle, look no further—get in touch with us today.
Aranya by Naiknavare
Aranya by Naiknavare is a new under-construction flat project in Talegaon, Pune, offering 1 BHK and 2 BHK Flats in Talegaon Pune. With three residential buildings and commercial places, it is an ideal place to buy flats in Pune. The project is located in Talegaon, which bestows it advantageous proximity to all necessary civil and transport facilities as well as the old Mumbai- Pune highway. Aranya is perfectly situated on a gently sloping hillside, offering breathtaking views of the picturesque Indrayani River valley—making it an ideal spot for executives.
Experience the perfect blend of nature and convenience—secure your dream home at Aranya today!
Conclusion
Deciding between a ready-to-move-in apartment and an ongoing construction project ultimately depends on your priorities and financial situation. If immediate possession, certainty, and avoiding delays are critical, ready-to-move-in apartments offer a hassle-free experience with the added benefit of transparency. However, they come with a higher cost and limited customization.
On the other hand, ongoing construction projects provide more affordability, flexible payment options, and the potential for appreciation but carry the risk of construction delays and legal uncertainties. Buyers looking for long-term investment growth and personalization may find this option appealing. Careful research, due diligence on the developer’s track record, and an assessment of personal needs are essential in making the right choice.
Contact Naiknavare Developers today to purchase your ready-to-move-in apartment or explore our ongoing construction projects!