Advantages of buying a ready-to-move-in property in Pune

Buying a home is a significant investment and decision for most people. One of the options available to homebuyers is purchasing a ready-to-move-in property. A ready-to-move-in property is a property that is complete and available for immediate possession. Here are some advantages of buying a ready-to-move-in property in Pune

1. Hassle-free home buying process:

One of the significant advantages of buying a ready-to-move-in property is the hassle-free home-buying process. There is no need to go through the entire construction process, which can be time-consuming and stressful. You can simply visit the property, check if it suits your requirements, and make the purchase.

2. Immediate possession of the house:

With a ready-to-move-in property, you do not have to wait for months or years to get possession of your new home. You can move in immediately after the purchase process is complete. This is particularly useful for individuals and families who need to relocate quickly.

3. Budget for ready-to-move-in properties :

Ready-to-move-in properties come with a clear price tag, and there are no hidden costs involved. This makes it easier for homebuyers to plan their budget and make informed decisions.

4. Location advantage of ready-to-move-in properties:

Ready-to-move-in properties are often located in established and well-developed areas, making them an attractive option for homebuyers. You can also choose a location that suits your requirements, such as proximity to schools, hospitals, and public transportation.

5. Ready Amenities offered by ready-to-move-in properties:

Many ready-to-move-in properties come with amenities such as swimming pools, clubhouses, gyms, and parks. This can make your living experience more comfortable and enjoyable.

6. No Construction-related Risks:

When you buy a ready-to-move-in property, you are spared construction-related risks such as delayed possession, changes in the plan, sub-standard materials, etc.

7. Reduced Expenses:

Buying a ready-to-move-in property means you don’t have to spend on rent or any other accommodation while waiting for your house to be ready. You can save money on these expenses.

8. Established Infrastructure:

A ready-to-move-in property is usually located in an area that already has established infrastructure. This includes roads, water supply, electricity, security, etc. You can move in immediately without worrying about these things.

9. Resale Value:

Ready-to-move-in properties have a higher resale value compared to under-construction properties. You can sell your property at a higher price in the future if you choose to do so.

Tax Benefits of Buying a ready-to-move-in property in Pune

If you take a home loan to buy a ready-to-move-in property in Pune, you are eligible for tax deductions on the principal and interest components of the loan.

  1. Deduction on Home Loan Interest: Under Section 24 of the Income Tax Act, you can claim a deduction of up to Rs. 2 lakhs on the interest component of your home loan. This deduction is available to both self-occupied and let-out properties.
  2. Deduction on Home Loan Principal Repayment: Under Section 80C of the Income Tax Act, you can claim a deduction of up to Rs. 1.5 lakhs on the principal repayment of your home loan. This deduction is available only for self-occupied properties.
  3. Stamp Duty and Registration Charges: You can also claim a deduction on the stamp duty and registration charges paid for the purchase of your ready-to-move-in property. The deduction can be claimed under Section 80C within the overall limit of Rs. 1.5 lakhs.


In conclusion, buying a ready-to-move-in property in Pune can offer several advantages, including a hassle-free buying process, immediate possession of the house, no waiting period, budget planning, location advantages, and amenities. However, it is essential to conduct thorough research, compare prices and amenities, and consult with a real estate professional before making a purchase decision.


  1. “Ready-to-move-in Flats vs Under-construction Flats: Which is the Better Option?”,,
  2. “Tax Benefits on Home Loan for FY 2020-21: Know Interest and Principal Amount Benefits”, The Financial Express,
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