Ready-to-Move vs. Under-Construction: Which is the Better Choice in Pune?

Ready-to-Move vs Under-Construction

Pune’s real estate market is booming, and homebuyers often find themselves debating between ready-to-move-in (RTM) properties and under-construction properties. Each option has its advantages and challenges, and the right choice depends on factors like budget, investment goals, and urgency.

In this blog, we’ll compare both options in detail, analyze Pune’s prime locations, and help you make an informed decision with a practical example.


1. Understanding Ready-to-Move vs. Under-Construction Properties

FactorReady-to-Move (RTM)Under-Construction
Possession TimeImmediate1-5 years
PricingSlightly higherLower than RTM
Risk FactorLow riskMedium to high risk (delays, legal issues)
CustomizationLimited scopeCan be modified before completion
Rental IncomeImmediateNo rental income until possession
Resale ValueHigher in prime locationsAppreciates over time
Government BenefitsLower GST (only on resale properties)5% GST applicable

2. Pros & Cons of Each Option

✅ Benefits of Ready-to-Move-in Properties

✔ No Waiting Period: You can move in immediately after purchase.
✔ No Construction Delays: No risks of builder delays, legal issues, or project cancellations.
✔ See What You Buy: No surprises; you get what you see.
✔ Immediate Rental Income: If you’re an investor, you can rent it out immediately.

❌ Drawbacks of Ready-to-Move-in Properties

✖ Higher Cost: RTM properties cost 15-20% more than under-construction ones.
✖ Limited Choices: Fewer options in terms of layout, view, and customization.
✖ Older Construction: May lack the latest designs and amenities.


✅ Benefits of Under-Construction Properties

✔ Lower Prices: Usually 15-30% cheaper than RTM properties.
✔ Better Appreciation: Property value increases as construction progresses.
✔ Flexible Payment Plans: Staggered payments (linked to construction stages).
✔ Customization: Some developers allow buyers to modify interiors before possession.

❌ Drawbacks of Under-Construction Properties

✖ Possession Delays: Many projects in Pune have been delayed beyond promised timelines.
✖ Risk of Non-Completion: If the builder faces financial/legal issues, the project may stall.
✖ GST Charges: New under-construction homes attract 5% GST (not applicable on RTM properties).


3. Best Locations in Pune for RTM & Under-Construction Properties

Here’s a breakdown of Pune’s top locations based on property type:

📍 Best Locations for Ready-to-Move-in Homes

  1. Baner & Balewadi – High-end societies, IT professionals, great connectivity.
  2. Wakad – Premium gated communities, well-developed infrastructure.
  3. Kharadi – IT hub, high rental demand, premium projects available.
  4. Viman Nagar – Luxury apartments, excellent connectivity to airport & business hubs.
  5. Kothrud & Erandwane – Well-established localities, good social infrastructure.
  6. Hadapsar – Magarpatta & Amanora townships, strong rental market.

📍 Best Locations for Under-Construction Homes

  1. Hinjewadi – Many new pre-launch projects, good future appreciation.
  2. Mahalunge – New residential hub near Baner, affordable pricing.
  3. Manjari & Wagholi – Emerging areas with growing infrastructure.
  4. Tathawade & Ravet – Good for long-term investment, near IT and education hubs.
  5. NIBM & Undri – Premium projects at lower rates compared to central Pune.
  6. Mamurdi & Punawale – Ideal for budget buyers, rapidly developing areas.

4. Practical Example: Baner vs. Hinjewadi

Let’s assume Ajay, an IT professional working in Hinjewadi, is looking for a 3 BHK home. He is confused between:

  • Option 1: A ready-to-move 3 BHK in Baner for ₹1.8 Cr.
  • Option 2: An under-construction 3 BHK in Hinjewadi for ₹1.5 Cr, with possession in 3 years.

Decision Factors for Ajay

🔹 If he needs immediate possession and rental income, Baner’s RTM home is better.
🔹 If he is okay with waiting and wants higher appreciation, the Hinjewadi project makes more sense.
🔹 If he takes a loan, he must pay EMI + rent for three years before getting possession of the under-construction home.
🔹 If he buys in Baner, he can save on GST and enjoy well-developed social infrastructure.

Final Choice:
If Ajay has a higher budget and needs immediate possession, he should choose Baner.
If Ajay is looking for long-term investment with price appreciationHinjewadi is better.


5. Conclusion: Which One Should You Choose?

✔ Buy a Ready-to-Move-in Property if:

  • You need to move in immediately.
  • You want a risk-free investment.
  • You don’t want to pay rent and EMI together.

✔ Buy an Under-Construction Property if:

  • You want a lower entry price.
  • You can wait for appreciation over time.
  • You are comfortable with potential delays.

Final Recommendation

💡 Thinking of buying a home in Pune? Contact Kiaan Properties for expert guidance and the best deals!

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