How to Choose Between Ready-to-Move vs. Under-Construction Properties in Chembur

1. Instant gratification with ready-to-move-in apartments

When a property is finished and ready for immediate occupancy, it is said to be ready to move. These residences are ideal for buyers who wish to move in or rent out the property immediately, thereby avoiding project delays.

Benefits

• Instant possession: There is no waiting time.
• Zero GST: Completed properties are exempt from GST.
• No surprises: You can physically inspect the property, so you receive what you see.
• Ready rental income: As an investor, you can begin collecting rent right away.

Limitations:

• More expensive than solutions that are still under construction.
• Limited accessibility in desirable areas.
• In certain projects, the amenities are a little older.

Ideal For: Investors looking for quick returns, end consumers, and NRIs.

2. Apartments Under Construction: Prospects for the Future

Properties that are still in the planning stages are referred to as under-construction. These apartments usually have better prices and the opportunity to live in newer, more contemporary housing developments.

Benefits:

• Less expensive: Compared to finished properties, prices are much lower.
• Adaptable payment schedules: Dispersed throughout the building phases.
• Newest amenities: They frequently have contemporary features and architecture.
• High appreciation: Possession time has the potential to increase capital.

Limitations:

• Project delays: Obstacles related to construction or regulations may impact possession.
• Flats under construction are subject to 5% GST (without ITC).
• Not immediately livable: You will need to arrange for temporary housing.

Ideal For: Investors looking for appreciation, buyers with time on their hands, and people who don’t mind waiting.

3. Important Things to Think About in Chembur

• Builder Reputation: Always select RERA-approved properties from reputable developers such as Heritage Group, Godrej, or Tridhaatu.
• Location within Chembur: While fresh projects may be emerging in emerging areas like Chembur East or Pestom Sagar, ready-to-move-in apartments may be found in older societies.
• Personal Timeline: Get ready if you need a house in three months. Look at fresh releases if you have a year or two to spare.
• Budget & Financing: While ready-to-move-in homes demand full payment up front, under-construction homes may help your cash flow.

Conclusion

There are benefits to both under-construction and ready-to-move-in residences. The choice in Chembur ultimately depends on your financial objectives, risk tolerance, and personal needs. Knowing the benefits and drawbacks of each will help you make an informed decision that complements your path to homeownership.

Are you still not sure which type is best for you?

Whether you’re prepared to relocate today or make an investment tomorrow, let our professionals at Upgrade Realty help you with verified listings, site inspections, and personalised advice.