Under Construction

Frequently asked questions

Is under-construction cheaper than ready?

Usually yes, and you pay on a plan spread across the build, but you wait two to four years and carry a delivery risk.

What is the biggest risk in under-construction?

The builder not delivering on time or at all. The developer's track record is the most important thing to check.

What protects an under-construction buyer?

RERA registration, a firm possession date, and a fair builder-buyer agreement with equal delay interest.

Is it safe to buy an under-construction flat?

It can be, if the project is RERA-registered and from a credible builder. Check the RERA timeline, approvals and the developer's delivery record before booking.

Does GST apply to under-construction property?

Yes, GST applies to under-construction homes, unlike completed ones. Factor it into your total cost when comparing with a ready flat.

What is the main risk with under-construction homes?

Delay or non-delivery. RERA has reduced this, but you still carry timeline risk, so buy from proven builders and track the RERA status.

How do I confirm the possession date in Gurgaon and NCR?

Check the RERA completion date and the builder record on past projects. Get the committed date and the penalty clause in the agreement.

What payment plan suits this stage?

Plans range from construction-linked to possession-linked. A construction-linked plan spreads payments with progress, which lowers your risk on delays.

Does GST apply at this stage?

GST applies to under-construction homes but not to completed ones with an occupancy certificate. Factor it into your total cost when comparing.

What are the risks at this stage of purchase?

Earlier stages offer lower prices but carry delay and delivery risk; later stages cost more with less risk. Match the stage to your risk appetite.

Can I get a home loan at this stage?

Yes, banks fund most stages, disbursing in tranches for under-construction and in full for ready homes. Get your loan pre-approved before booking.

Should I buy at this stage or wait?

Prices usually rise as a project nears completion, so earlier entry can cost less. Weigh the saving against the wait and the delivery risk.

What stamp duty and registration charges apply in Gurgaon and NCR?

Stamp duty and registration vary by state and are usually a few percent of the property value, with a small rebate for women buyers in many states. Confirm the current Gurgaon and NCR rate before you budget.

How much home loan can I get to buy in Gurgaon and NCR?

Most buyers get a loan for 75-90% of the value, with the amount tied to income and credit score. Our home loan by salary guide shows the ranges.

What documents do I need to buy a home in Gurgaon and NCR?

Identity and address proof, PAN, income papers for a loan, and the property title chain, approvals and latest tax receipts. Keep both sides KYC ready for registration.

How do I check if a project is RERA-registered?

Search the state RERA portal by project or builder name for the registration number and approved plan. Our RERA check guide explains it.

Can NRIs buy a home in Gurgaon and NCR?

Yes, NRIs can buy residential and commercial property in India, though not farm land. Payments must come through banking channels, and a trusted power of attorney helps if you are abroad.