Introduction
Wakad is one of the fastest-growing residential destinations in Pune, drawing homebuyers with its strategic location, connectivity to the IT hub, premium amenities, and strong infrastructure. If you're looking forward to buying a home in this vibrant micro-market, one of the major decisions that you will come across is choosing between a Ready-to-Move flat and an Under-Construction flat.
The following blog will help you understand the pros and cons of both options so that you can make a confident and fully informed choice.
What is a Ready-to-Move Flat?
A Ready-to-Move flat is a completed property where one can get immediate possession and start living without waiting for the construction timeline.
Key Features
No waiting period
Actual unit inspection possible
No construction risks
What is an Under-Construction Flat?
An Under-Construction flat is still being developed and requires buyers to wait until the project is completed.
Key Features
Lower initial investment
Payments in installments
High appreciation potential
Advantages & Disadvantages of Ready-to-Move Flats in Wakad
Pros
1. Immediate Possession
You can move into your new home immediately, which is great for families or investors who don't want any delays.
2. No Risk of Delay
The project is already finished, so there's no uncertainty about timelines or builder commitments.
3. See What You Pay For
You get to see the actual flat, layout, finishes, and amenities before purchasing.
4. No GST
Ready homes do not attract GST, making them more cost-efficient upfront.
5. Established Locality
Most of the RTM flats in Wakad are situated in well-developed areas where schools, shops, and transportation facilities are already available.
Cons
1. Higher Cost
Ready-to-Move apartments are usually priced higher than Under-Construction properties.
2. Older Construction
Some RTM flats may fall under older projects that are devoid of the latest architectural designs.
3. Limited Customization
You cannot modify layout or interiors once the flat is finished.
Pros & Cons of Under-Construction Flats in Wakad
Pros
1. Lower Price Point
Generally, UC flats come with more reasonable prices and flexible payment plans.
2. Higher Appreciation Potential
Buying early can offer good returns, as the value of the property increases by the time of possession.
3. Latest Designs & Amenities
New projects in Wakad boast of modern architecture, efficient layouts, and premium lifestyle amenities.
4. Customization
Some builders do allow personalization during the construction process.
Cons
1. Possession Delays
Construction or legal issues can prolong the delivery timeline.
2. GST Applicable
Under-construction properties attract GST, making them more expensive overall.
3. Changes in Promised Specifications
There may be minor differences between marketing brochures and final delivery.
4. Construction Disturbance
Living in a developing neighborhood may be noisy or temporarily inconvenient.
Key Factors to Consider Before Choosing
Budget: Compare EMI, down payment, and extra charges.
Timeline: need immediate housing or ready to wait?
Builder Reputation: Check the RERA details and past delivery records.
Location Priority: Identify well-developed vs. upcoming pockets in Wakad.
Return on Investment: Assess appreciation trends as well as rental yield.
Amenities & Lifestyle: Newer projects often offer advanced features.
Popular Areas in Wakad for Both Options
Ready-to-Move Locations
Vishal Nagar Extension
Kalewadi-Wakad Road
Datta Mandir Road
Under-Construction Clusters
Hinjawadi-Wakad Link Road
Bhumkar Chowk Corridor
Wakad–Tathawade Belt
Final Verdict
So, both Ready-to-Move and Under-Construction flats in Wakad offer great opportunities, which depend on your budget, timeline, and investment goals.
Select Ready-to-Move if you want immediate possession with minimal risk and a verified home.
For better appreciation of the prices and more modern living, choose under-construction.
Assess your needs carefully and weigh your options well in making the final decision, ensuring satisfaction and financial benefits over a longer period.
