What does 'under construction' mean?
An under-construction property is still being built and has not yet received its Occupancy Certificate. You typically book early at a lower price and take possession on the builder's promised completion date.
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35 ongoing under-construction projects across Pune
35 ongoing projects — early pricing, modern amenities in Pune
An under-construction property is still being built and has not yet received its Occupancy Certificate. You typically book early at a lower price and take possession on the builder's promised completion date.
Yes. Under-construction homes attract 5% GST (1% for affordable housing) on top of stamp duty (6% in Maharashtra) and registration (1%). Factor this into your total cost when comparing with ready-to-move options.
Buy only MahaRERA-registered projects, check the builder's delivery track record, review the construction-linked payment plan, verify the promised possession date in the agreement, and confirm 70% of funds are held in the RERA escrow account.
Builders offer lower launch and during-construction prices to fund the build and attract early buyers. Prices usually rise as construction progresses toward possession, so early entry can mean capital appreciation by handover.