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Ready-to-Move vs. Under-Construction Properties in Gurugram: Which Should You Choose?
Introduction
Gurugram has emerged as a hub for real estate investment, offering both ready-to-move (RTM) and under-construction properties to buyers. While ready-to-move properties provide immediate possession, under-construction homes promise potential cost savings and customization. So, how do you decide which option suits you? In this blog, Evantis Realty breaks down the pros and cons of each choice, focusing on key local projects in Gurugram.
What Are Ready-to-Move Properties?
Ready-to-move properties are completed residential units that are ready for occupancy immediately after purchase.
Advantages of Ready-to-Move Properties
- Instant Possession: No waiting period; you can move in right after purchase.
- No GST: Buyers save on Goods and Services Tax, which is applicable only to under-construction properties.
- Low Risk: You get what you see, avoiding construction delays or quality issues.
- Rental Income Opportunity: Ideal for investors aiming to generate rental income immediately.
Disadvantages of Ready-to-Move Properties
- Higher Cost: Typically more expensive than under-construction properties.
- Limited Customization: No scope to modify interiors or layouts.
What Are Under-Construction Properties?
Under-construction properties are still in the building phase and require a waiting period before possession.
Advantages of Under-Construction Properties
- Lower Initial Cost: Prices are generally 10–30% lower than ready-to-move options.
- Flexible Payment Plans: Developers often provide staggered payment options.
- Customization: Buyers may have the flexibility to choose interiors or layouts.
- Higher Appreciation Potential: Greater chances of property value appreciation over time.
Disadvantages of Under-Construction Properties
- Possession Delays: A common issue due to project or regulatory hurdles.
- GST Costs: Buyers must pay GST at 5–12%, increasing overall costs.
- Higher Risk: Quality issues or incomplete projects can arise.
Comparison of Ready-to-Move and Under-Construction Properties in Gurugram
| Feature | Ready-to-Move Properties | Under-Construction Properties |
|---|---|---|
| Cost | Higher | Lower |
| GST Impact | No GST | GST Applicable |
| Risk of Delay | No | Yes |
| Customization | Limited | Flexible |
| Rental Potential | Immediate | Delayed |
| Location Options | Established Localities | Upcoming Hotspots |
Top Local Projects in Gurugram
Ready-to-Move Projects
- DLF The Crest (Golf Course Road): Luxury apartments with premium amenities.
- M3M Merlin (Sector 67): Perfect for families, offering 3 and 4-BHK units.
- View more ready-to-move properties.
Under-Construction Projects
- Godrej Summit (Sector 104): Affordable homes with modern facilities.
- M3M Route 65 (Sector 65): A promising commercial and residential blend.
- Explore more under-construction properties.
FAQs
1. Which is better for first-time homebuyers in Gurugram?
First-time buyers may prefer ready-to-move properties for their immediate possession and low risk.
2. Can I get a loan for under-construction properties?
Yes, most banks offer home loans for under-construction properties, but disbursement is linked to project completion stages.
3. Are under-construction properties a good investment?
Yes, they often yield higher returns due to price appreciation, especially in Gurugram’s developing sectors like Sohna Road and Dwarka Expressway.
4. Do ready-to-move properties have a better ROI?
They can, especially if located in prime areas, offering immediate rental income and stable appreciation.
Conclusion
Choosing between ready-to-move and under-construction properties depends on your budget, timeline, and risk appetite. Ready-to-move properties are ideal for immediate possession, while under-construction homes offer potential savings and flexibility. At Evantis Realty, we help you make an informed decision tailored to your needs.
For personalized assistance, explore our property listings in Gurugram or contact us today.
Evantis Realty is a leading Real Estate Broker in Gurugram & Delhi NCR specializing in high-end properties across the city. With years of experience and a deep understanding of the market, Evantis Realty offers personalized service and expert advice to help clients navigate the dynamic Gurugram & Delhi NCR Real Estate Market with confidence.
