In India’s fast-evolving real estate landscape, one of the first decisions a homebuyer or investor faces is whether to buy a ready-to-move (RTM) property or invest in an under-construction project. Both have their merits and challenges. Making the right choice depends on your needs, financial situation, and long-term goals. Let’s dive into the pros and cons of each.

Ready-to-Move Properties: Immediate Benefits

1. No Waiting Period
As the name suggests, RTM properties are fully constructed and available for immediate occupancy. This is ideal for those who want to avoid delays and move in quickly.

2. What You See Is What You Get
You can inspect the exact flat or unit before purchase. There’s no guesswork or reliance on 3D renders or sample flats.

3. No GST
RTM properties with completion certificates are exempt from Goods and Services Tax (GST), saving buyers additional costs.

4. Rental Income
For investors, these properties start generating rental income from day one.

Cons of RTM Properties

  • Higher Price: Generally, these are priced higher due to the immediate possession benefit.
  • Limited Customization: Since construction is complete, there’s little to no scope for personalizing interiors or layout.
  • Location Constraints: Often available in already developed or saturated areas.

Under-Construction Properties: Future-Focused Investment

1. Lower Cost Entry
Such properties are usually 10%-30% cheaper than RTM options in the same locality.

2. Flexible Payment Plans
Most builders offer attractive construction-linked or milestone-based payment schemes.

3. Higher Appreciation Potential
Buying early means higher capital appreciation by the time the project is completed, especially in growing areas.

4. Customization
Buyers may have the opportunity to request design changes, flooring, or finishes before construction completes.

Cons of Under-Construction Properties

  • Project Delays: Despite RERA, some projects still face delays.
  • GST Applicable: Buyers must pay 5% GST unless the property falls under affordable housing.
  • Risk of Builder Default: There’s a risk if the builder doesn’t deliver as promised.

What Should You Choose?

If you need immediate housing or want guaranteed returns (rental or resale), an RTM property is the safer option. However, if you’re looking for long-term investment and are comfortable waiting 2–3 years, under-construction offers more affordability and appreciation.

Tips Before Buying

  • Always choose RERA-registered projects.
  • Check builder reputation, past delivery timelines, and construction quality.
  • For under-construction projects, inspect progress regularly.
  • For RTM homes, verify occupancy certificates and property taxes.

Conclusion

The choice between ready-to-move and under-construction homes depends entirely on your financial position, urgency, and risk appetite. Weigh your goals, understand the risks, and consult experts when needed. A well-informed decision today ensures peace of mind tomorrow.