The decision to purchase a new home involves various dynamics. Factors such as location, budget, price range, offers from builders, home loan options, down payment, and the choice between under-construction or ready-to-move-in projects all come into play. However, the trend nowadays leans towards selecting ready-to-move-in housing projects. Home buyers are opting for these projects for several reasons, the most significant one being the impact of the pandemic on the real estate market.

What does a ready-to-move-in home mean exactly? 

It refers to a house where the real estate developer has completed the construction process and all interior furnishings. This means that the house is fully equipped with bathroom fittings, woodwork, kitchen fittings, and more. When you purchase a ready-to-move-in home, you can move in immediately because everything is already in place. Additionally, the builder has taken care of all the necessary paperwork, including completion certificates, occupancy fitness certificates, and any other required documents.

Reasons for Home Buyers to Prefer Move-in-Ready Homes

Understanding the factors that influence home buyers to choose move-in-ready homes is crucial. Here are some of the main reasons:

Wide Range of Options: 

One significant advantage of opting for a move-in-ready home is the multitude of choices available. In India, the real estate market is saturated with numerous projects, offering an abundance of options. Regardless of the city you’re in, you’ll find a plethora of under-construction buildings, completed apartment complexes, and upcoming housing projects. This enables you to carefully select the move-in-ready housing project that best suits your preferences. Furthermore, within these projects, you have the opportunity to choose the ideal flat or home that meets your specific needs.

Quick and Convenient Move: 

When you choose a move-in-ready home, you can swiftly transition into your new space as it is already equipped with all the necessary fixtures and amenities. Unlike purchasing a home in an under-construction project, there is no need to endure a prolonged waiting period. Opting for a move-in-ready home is particularly advantageous when you require immediate occupancy and want to avoid any delays.

Save on Rental Expenses: 

If you’re currently renting a home and have plans to purchase your own property, consider opting for a ready-to-move-in house. This choice can help you save a significant amount of money that would otherwise be spent on rent, as the house is already prepared for immediate occupancy. Additionally, these properties come equipped with all the essential amenities necessary for comfortable living. The savings from not having to pay rent can then be directed towards the repayment of your home loan’s Equated Monthly Installments (EMIs). By doing so, you not only become a homeowner but also acquire an asset that has the potential to appreciate in value over time.

Minimize Risk: 

This point holds great importance because many individuals choose to invest in housing projects that are still under construction due to their lower cost. However, it is crucial to consider the associated risks. Many times, builders of such projects face delays in completing the construction or may even abandon the project altogether due to various reasons. In contrast, a ready-to-move-in housing project poses less risk as it is already completed, requiring you to only ensure that the necessary paperwork is in order. Another key aspect to consider is selecting a reputable real estate builder and, if possible, opting for well-established brands when making your home purchase.

Prioritize Property Inspection Before Making a Purchase: 

One of the advantages of buying a ready-to-move-in property is the ability to thoroughly inspect it before making a decision. This means you can see the fully completed house with all its fixtures and amenities, particularly if it’s part of an apartment complex. These complexes often offer additional facilities like shops, recreational centers, playgrounds, and swimming pools. By purchasing a home in a finished property, you gain the confidence to invest in and live there with your family.

Secure Tax Benefits with Home Loans: 

The majority of tax benefits provided by the IT department are applicable to completed houses, making a ready-to-move-in property an ideal choice. When you take a home loan to purchase a house or apartment, you can claim tax deductions from your monthly income. Unlike under-construction buildings, a ready-to-move-in home allows you to immediately avail of these tax benefits upon possession. These exemptions apply to both the principal amount of the home loan and the interest amount paid. Consequently, opting for a finished home project can lead to significant savings.

Simplified Documentation: 

Before purchasing any property, it is essential to thoroughly verify all the land documents. The advantage of a ready-to-move-in home project is that most of the documentation and paperwork are already in place. This includes the completion certificate and other relevant certifications. Additionally, obtaining a home loan becomes easier with a finished housing venture since many required documents are readily available.

Exemption from GST: 

When it comes to ready-to-move properties, there is no requirement to pay the Goods and Services Tax (GST), which is set at 5%, for properties that are still under construction. This exemption allows you to save a significant amount of money, considering that property costs are high and involve substantial sums.

Time and Effort Savings: 

Constructing your own house or investing in an under-construction project demands a considerable commitment of time and energy. From overseeing the structure to managing the interiors, constant supervision and execution are required to ensure perfection. However, with a ready-to-move property, all the effort and time-consuming tasks are taken care of by the builder, allowing you to save precious time and effort.


Buying a house is often a significant decision that involves a substantial financial commitment. With the pandemic and the uncertainty surrounding unfinished projects, buyers are opting for ready-to-move-in homes. While purchasing a ready-to-move-in property offers several benefits compared to one that is still under construction, there are certain factors to be cautious about. It is crucial to ensure that the property you purchase has a valid legal title and is free from any legal disputes or issues. Seeking assistance from a lawyer can help verify these aspects and provide peace of mind.

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