The real estate market of Kolkata has been witnessing excellent growth in recent years. The city of joy is now the prime location for home buyers and investors. Why? Because a plethora of ongoing as well as finished residential projects in Kolkata has made it a popular location to choose from a variety of apartments, villas, flats, and whatnot. When choosing the most suitable residential property, the toughest part is deciding whether to purchase a ready-to-move-in flat or an under-construction project.
To be frank, both options have their advantages and disadvantages. There’s no one-word solution to this confusion. But a comparative discussion can help you make a proper decision. So, without much ado, let’s jump to the comparison between the two.
Ready-to-move-in projects in Kolkata
In simple words, ready-to-move-in flats are completed properly where immediate occupancy is available. In these real estate projects, all amenities are in place for the buyers to start using immediately. You won’t have to wait for the water pump to be installed or the elevators to start working. They already are operational providing a hassle-free move-in to new buyers.
What’s the advantage?
You can see clearly where you are going to live. How much exact space you will get in the bedroom, how you can plan your modular kitchen, where you can place all your books and wall-hanging artifacts — you can see it all! There’s no risk of delays or cost overruns. So, it gives you a
Plus, you get to save the expenses you would otherwise have to spend on rentals. As you won’t have to wait for the project to get completed before you move in. So, there will be no gap between you shifting from your old space and moving into the new one. Hence, no worries about extra costs.
A ready-to-move-in residential property in Kolkata is way more expensive than the ongoing projects as it offers the convenience and comfort you won’t be getting if you go for an under-construction flat.
Under-construction projects in Kolkata
Under-construction properties are ongoing projects which are still being built or are in their planning stage. When you go to buy an under-construction flat, you can’t really see through the project. You can’t properly judge the room size, the space on the balcony, and other similar matters. So, your decision will mainly be based on the predictions you can have looking at the plot and the plan made by the engineer.
Then what’s the advantage?
The biggest advantage is the price range of these flats. They easily meet the budget of young home buyers and hence, are a great option for a quick buy. The benefit of lower price appreciation makes these flats even more popular and in demand.
Secondly, you get the upper hand when it comes to deciding the interiors. You can customize the property as per your preference, which is not really an option if you buy a ready-to-move-in flat.
Buying flats from ongoing real estate projects in Kolkata comes with a load of uncertainties like delays in construction, delays in getting permits for certain developments, etc. As a result, the costs for rent and other expenses also increase. So, be ready for these when opting for an under-construction residential property in Kolkata.
So, which one to choose?
The above comparative discussion surely provides you with an insight to decide whether to choose a ready-to-move-in residential property or to go for an ongoing project in Kolkata. It will totally depend on your budget and preferences. If you need to get the property right now and can already afford the cost, ready-to-move-in flats are the best option. But, if you are willing to customize your interior and give it a personal touch, going for ongoing projects will be better.
Final tip: Always do your side of the research before choosing the developer. The residential properties constructed by the leading real estate developers in Kolkata don’t usually differ from what they advertise or propose to offer. Explore the top residential projects properly before you make up your mind.