Isn’t buying a luxury home in Mumbai exciting? It’s emotional and a little overwhelming, too. But once you start looking at options, things may get confusing quickly.
One question comes up almost every time, ‘Should I buy a ready-to-move luxury apartment or go for an under-construction one?’
Both sound good and have their own perks. But here is the truth, there’s no single right answer. It completely depends on what you want right now and what you’re planning for the future.
For clarity, we will break this down step by step.
What Are Ready-to-Move Elite apartments?
Ready-to-move elite apartments are homes that are already built and ready. You can visit the apartment, walk around the building, check the amenities, and pretty much know exactly what you’re buying.
This option works well if you don’t want to wait around or deal with construction timelines.
You can check the finishes, see how spacious the rooms feel, look at the view, and get a real sense of the place before making a decision. In short, there are no surprises.
Why many luxury residence buyers prefer ready-to-move homes
- You can move in immediately or rent it out
- Very low risk, since construction is already done
- No GST in most cases, which helps save money
The trade-off? You’ll usually pay more upfront. And since the apartment is already built, you won’t be able to change layouts or finishes.
What Are Under-Construction elite apartments?
Under-construction elite apartments are homes that are still being built. You book them early and wait until the project is finished.
These are popular with buyers who are planning or thinking from an investment perspective. Since the project isn’t complete yet, prices are usually lower compared to ready homes.
Why buyers choose under-construction apartments-
- Lower starting price, especially at early stages
- Payments spread over time, which feels easier on the pocket
- Some flexibility, like choosing flooring or finishes
- Better growth potential, if prices rise due to possession
That said, waiting is part of the deal. Delays can happen, final finishes may differ slightly, and GST applies during construction.
Ready-to-Move vs Under-Construction: Understand the Difference
| Feature | Ready-to-Move | Under-Construction |
| Possession | Immediate | 1–3 years |
| Price | Higher up front | Lower entry |
| Customisation | Very limited | Some flexibility |
| Risk | Low | Delays possible |
| Investment growth | Steady | Higher potential |
| GST | Usually not applicable | 5% GST applies |
So ask yourself:
Do you want comfort now, or are you okay waiting for future value?
Why Location Still Matters a Lot?
No matter what you choose, location is still key. In Mumbai, areas like Andheri West, Oshiwara, and South Mumbai are always in demand. Good roads, easier travel, nearby offices, schools, shopping, and food options all make daily life smoother.
A ready-to-move luxury apartment in a good location gives you instant comfort and rental income. An under-construction project in a growing area can give better value over time once the area develops more.
Either way, location should never be an afterthought.
Financial Points Buyers Should Think About
Let’s talk about money. This is where most decisions actually get made.
- Ready-to-move apartments
You pay more at the start, but costs are clear. There are fewer surprises. Loan approvals are usually quicker, and what you see is what you’re paying for.
- Under-construction apartments
Payments are broken into stages, which helps manage cash flow. But GST applies, and sometimes small cost changes can come up during construction.
Think about your EMIs and loan comfort. Also, if you want peace of mind now or are okay planning for the future.
Lifestyle and Amenities
Luxury living is not just about the home. It’s about the lifestyle around it.
Both options usually offer:
- Swimming pools
- Gyms and fitness areas
- Landscaped gardens
- Clubhouses
- Security systems
The difference is timing. With under-construction homes, you’ll need to wait until the project is fully completed. If enjoying the lifestyle immediately matters to you, ready-to-move apartments feel more satisfying.
Which One Should You Choose?
Let’s keep it simple.
Go for Ready-to-Move Lavish apartments if you want
- A home you can move into right away
- Less risk
- Finished quality and clear amenities
Go for Under-Construction Lavish apartments if you want
- A lower starting price
- Flexible payment options
- Long-term price growth
- Some level of customisation
It really comes down to what your priorities are. Comfort now or growth later.
To Sum Up
There’s no right or wrong choice here. Both ready-to-move and under-construction luxury apartments in Mumbai have their own advantages. Go for what suits your lifestyle and timelines.
At Multistar, we help buyers understand both options clearly and choose what actually works for them. If you’re buying a luxury residence to live in or investing for the future, our team is here to guide you.
Reach out to Multistar today, and let’s figure out the best option for you.
FAQs
1. Why do people prefer ready-to-move premium residences?
Because they can move in immediately and enjoy the amenities without waiting.
2. Are under-construction apartments cheaper?
Yes, they usually have lower starting prices and flexible payment plans.
3. Can I make changes in an under-construction apartment?
Often yes. Some developers allow changes in finishes or layouts.
4. Which option works better for investment?
Under-construction apartments may offer better appreciation, while ready-to-move homes give steady rental income.
5. Is GST charged on ready-to-move apartments?
No, if the property has an occupancy certificate, GST usually does not apply.
