Created on: 15th June 2021
Sr. No. | Under- construction | Ready project |
---|---|---|
1. | The project takes time to complete due to various approvals and unexpected changes in rules & regulations | The customer can move in immediately |
2. | Projects are offered with several financial / payment schemes. | Select projects offer flexi payment scheme; Oberoi Realty was the foremost developer to offer this scheme for a ready project |
3. | Homebuyer gets the flexibility to make payments over a period of time | Homebuyer has to make the payment immediately before moving into the project |
4. | Projects are RERA complaint and hence offer complete transparency | The home buyer is fully aware of the title, ownership, and legal status of the project, as the project is completed RERA compliance is not compulsory |
5. | Homebuyer can select the apartment of their choice in terms of view, floor, Vaastu etc. | Homebuyer has to select apartment only from the available inventory. |
6. | Buyers get the option to customise their apartments in select internal fittings & fixtures | Customisation of internal amenities is not possible as the construction is complete |
7. | The customer gets the benefit of higher appreciation of the property as it is bought at a lesser price than the current market price but as the project progress the price increase and hence enables better ROI | As the project is already complete the homebuyer has to pay the appreciated price |
8. | Buyers have to pay GST and requisite taxes for the property | No GST implication |
9. | Loan facility depends on the project viability and construction progress | Easily available if bought from a reputed brand |
10. | Approvals may take time which can impact possession schedule | All approvals in place |