An under-construction flat usually costs less up front, pays in stages and carries 5% GST, but you wait for possession and carry construction risk. A ready-to-move flat with an occupancy certificate has no GST and no wait, but usually costs more and offers less choice. Choose by when you need to move in and how much risk you can carry.
Side by side
| Factor | Under construction | Ready to move (with OC) |
|---|---|---|
| GST | 5% (no input tax credit) | None |
| Payments | Construction-linked stages | Mostly at once |
| Possession | Years away | Immediate |
| Choice of units | Wide, early | Limited |
| What you see | Plans and show flat | The actual home |
| RERA protection | Delay interest or refund under section 18 | Defect liability for 5 years under section 14 |
How to reduce under-construction risk
- Read the MahaRERA record: approvals, completion date, quarterly progress.
- Pay only as per the agreed construction-linked schedule.
- Never pay more than 10% before a registered agreement.
- Keep rent or current EMI in your budget until possession.
Who each suits
- Under construction: buyers who can wait, want early-phase choice and prefer staged payments.
- Ready to move: buyers who need to move soon or want no construction risk.
What other buyers prefer
- More than 60% of prospective buyers prefer ready-to-move or near-completion homes (Colliers Homebuying Sentiment Survey 2026).
- About half of buyers under 30 are comfortable with construction risk, against 36% of those over 30 (same survey).
- Pune Q2 2026 sales fell 15% to 21% YoY (ANAROCK, PropTiger), so buyers have time to compare.
Full data and links: Pune real estate market 2026.
How this applies to Godrej Elanor
- MahaRERA PR1260002602617; Godrej Properties Ltd is the promoter. Proposed completion 30 Sep 2032.
- 3 BHK Premium 1,270 to 1,280 sq ft and Luxe 1,310 to 1,320 sq ft carpet; indicative ₹1.90 to 2.09 crore all-in (sales team, 12 Nov 2026; confirm on the official cost sheet).
- Nande–Balewadi Road, in the Mahalunge corridor between Baner–Balewadi and Hinjewadi Phase 1.
Frequently asked questions
Is it safe to buy an under-construction flat in Pune?
It is safer with a MahaRERA-registered project, a registered agreement and staged payments. Read the record and the delay clauses first.
Is GST charged on ready-to-move flats?
No GST applies to a completed home with an occupancy certificate. Under-construction homes attract 5% GST.
Sources
- MahaRERA: Godrej Elanor project record, PR1260002602617
- Godrej Properties: official website
- MahaRERA: Real Estate (Regulation and Development) Act, 2016 and rules
- Colliers Homebuying Sentiment Survey 2026 (press release via ThePrint)
- BeyondWalls: Pune housing sales drop 15% in Q2 2026 (ANAROCK data)
- Construction World: housing sales dip in top eight cities in Q2 2026 (PropTiger data)