23 Jan-2024

Is it Beneficial to Invest in Under Construction Flats in Kochi?

Posted onJan 23, 2024
Kochi, Real Estate Investment Strategies in Kochi

Most people feel that they must wait for a real estate project to complete before they invest in it – whether it’s a flat or villa. They are of the opinion that it’s better to buy a flat when it is ready to move in, so that they get their money’s worth immediately. However, it may be smarter to purchase an under-construction flat, as there are several advantages in this move. Of course, it is necessary that you do your research and make sure the builder is a reputed one; also check the location of the project and other factors. Let us see why your real estate investment strategies in Kochi must include under-construction flats:

New Construction Advantage

A newly constructed project offers a big advantage – it will have a longer life than buildings that have already been in use for a while. You are not likely to incur any cost in maintenance, renovations, repairs, and so on. What’s more, you are likely to get the most modern amenities and facilities that you can hope to get in a world-class apartment building. The newer the construction, the newer the technology used as well. This is also one of the top reasons why flats in Ernakulam are the best buy if you’re looking for an elevated lifestyle.

Lower Cost

Usually, under-construction flats are offered at a lower cost to buyers to make them attractive prospects. Of course, you have to wait a little bit, but it is well worth the wait. Most builders will offer early bird discounts and so on. This way the builder gets money up front and the buyer gets a good property for a great price. As long as the builder or real estate developer is well-known and has a reputation for delivering projects on time, you should not be worried about it. The Real Estate Regulatory Authority rules are very strict on several aspects and protect the buyer, so you can be rest assured. By investing early, you also get to choose exactly which floor, and which side facing flat you want. Real estate property prices are steadily increasing in Kochi, so as an investor you can expect to make a neat profit once the project is completed – there will always be takers for flats in well executed buildings.

Higher Value Appreciation

You can be sure to get a much higher value appreciation for this investment. You get to buy the flat at a much lower cost as the construction is still ongoing. As it progresses, the value of the property goes up. Of course, it will also depend on the location of the building, proximity to amenities like markets, healthcare, educational institutes, transportation, major roads, and so on. But in general, the price of a flat goes up as construction progresses and reaches its peak when completed.

Flexible Payment Terms

This is one of the best tips for Buying a Flat in Kochi if you want to save money. When you buy a flat that is ready to move in, you will need to pay the entire amount at one go, either yourself, or by availing of a housing loan. You will also have to pay registration fees, stamp duty, and so on. However, when you book an under-construction flat, the builder will most likely ask for a certain percentage – 10-15 – as the booking amount. Buyers are usually offered deferred payment terms, like paying a certain percentage after every stage of construction. This gives you a lot of flexibility, eliminating the need for paying a huge amount upfront. 


In conclusion, investing in under-construction flats in Kochi presents a compelling opportunity. These properties offer the advantage of new construction, ensuring a longer lifespan with modern amenities. They come at a lower cost, often with discounts and flexible payment terms, making them financially attractive. Furthermore, under-construction flats typically experience higher value appreciation as the project progresses, promising potential long-term gains for investors. However, it's crucial to research reputable builders and consider location factors before taking the plunge. Overall, under-construction flats can be a smart addition to your real estate investment portfolio, offering both immediate and future benefits in Kochi's evolving market.

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