Buying an under construction home is a win-win situation for both buyer and seller. The seller gets a list of customers even before he starts laying the foundation while buyers get the cost benefit as they are buying the house in a pre-launch offer.
Buying an under-construction home is cheaper than buying the ready to move home in chennai. The cost difference is significant. On an average, the difference is anywhere between 25% and 40%. This is a big difference and that makes the majority of the home buyers in Chennai to buy a home under construction.
The EMI is paid as the work progresses hence the initial EMIs are low in the case of an under construction home in Chennai.
If there are any minor changes that you want in your home, it is possible (this depends with the builders in Chennai)
The home buyers may get higher returns on the under-construction home, since the prices are lower, This kind of return is not possible in a ready to move home in chennai.