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What to Look for When Buying Under-Construction Property

M M Enterprises

July 16, 2025
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Under-construction properties are often cheaper and offer flexible payment plans. However, they come with their own set of risks. If you’re planning to buy a property that’s still being built, here are some key factors you should consider to make a safe and smart decision.

✅ 1. RERA Registration

Always check if the project is registered under RERA (Real Estate Regulatory Authority). This registration ensures the project is legally approved and the builder is accountable for delays, quality, and transparency. You can verify the details on your state’s RERA website.

✅ 2. Builder Reputation

Not all developers deliver what they promise. Research the builder’s past projects — were they completed on time? Did they deliver as promised? Look at reviews, ratings, and legal history. A reputable builder reduces the risk of delays and construction quality issues.

✅ 3. Delivery Timeline and Penalty Clause

Understand the promised possession date and check if there’s a penalty clause in case of delays. RERA mandates penalties for late delivery, but it’s always better to have it clearly stated in your agreement.

✅ 4. Approved Plans and NOCs

Before booking, make sure the project has:

  • Municipal approvals
  • Layout plan approvals
  • Environmental clearance
  • NOCs (No Objection Certificates) from water, fire, and electricity departments

Skipping this step may result in legal or construction delays later.

✅ 5. Payment Plan and Loan Tie-Ups

Under-construction projects often offer flexible payment plans like CLP (Construction Linked Plan), Flexi Plans, or Down Payment Plans. Also, check if the builder has tie-ups with reputed banks — this means the project has been verified and approved for financing.

✅ 6. Construction Quality and Materials

Visit the construction site if possible. Ask about the materials used, brands of fittings and fixtures, structural safety, and quality checks in place. Poor construction can lead to major repair costs in the future.

✅ 7. Price Comparison with Ready-to-Move Properties

Just because it’s under construction doesn’t always mean it’s a better deal. Compare the total cost, including GST and registration, with a similar ready-to-move-in property in the same area. Sometimes, a ready property may give better value with immediate possession.

Final Thoughts:

Buying an under-construction property can offer great value if done right. However, it’s important to research thoroughly, verify documents, and ensure the builder is RERA-compliant. At M M Enterprises, we help you evaluate under-construction projects honestly — so you can invest with confidence and peace of mind.

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