A ready-to-move home is complete, typically with its occupancy certificate. Buyers pay a premium for certainty and avoid waiting for construction.
Example
Ready vs under construction in Hyderabad
A family in Hyderabad compares a ready 3 BHK in Kondapur at ₹1.15 crore, with its occupancy certificate in hand, against an under-construction 3 BHK nearby at ₹1.0 crore due in two years. The ready flat costs more, but they stop paying rent at once, can inspect what they buy and pay no GST on the purchase price.
Figures are illustrative, not market rates.
Questions about Ready to move
Is GST charged on a ready-to-move flat?
No GST is charged on the sale of a completed flat once the completion or occupancy certificate has been issued, because it is treated as the sale of a building. Under-construction flats attract GST. Stamp duty and registration charges still apply to both.
How do I confirm a flat is really ready to move?
Ask for the occupancy certificate (or completion certificate) issued by the local authority, check the RERA portal for the project’s completion status and visit to confirm water, power and lift connections. “Ready” in an ad without an OC is not enough.
Why do ready flats cost more?
The buyer avoids construction delay and pays no rent while waiting, the builder has already carried the funding cost, and the home can be inspected before paying. Those advantages usually show up as a higher price per square foot than for comparable under-construction units.
Sources
- CBIC — GST · accessed
- Real Estate (Regulation and Development) Act, 2016 — India Code · accessed
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