Traditionally people resorted to invest in immovable properties as an asset class. The growth that it offered was about 12-15% per year. The investors were driven by social status & moral obligations in their immovable property investments.

Today, Mutual Funds, ULIPS, Bonds, Private Equity Funds, Gold ETF, Commodities & Share market have opened up a host of Investment avenues to individuals. Immovable property is just one among the many opportunities for investment.

The Investment in Apartment is slightly over rated & the yields are not all that lucrative.

One has to take into consideration, the High Interest Rates on Home Loans, Delivery delays induced by unprofessional builders, Fluctuating cost of Materials, Supply side vagaries, changing policies, GST on ongoing projects etc., To Invest in an ongoing project vs invest in a READY TO MOVE apartment is the big question.

Some of the aspect that I would consider are

The fact that builders are violating building norms, land on tank beds are used for dwelling purpose, poor construction standards, lack of any responsible inspections by authorities, delays in delivery, high interest rates maintained by RBI, many instances of fund misuse & insolvency calls by builders adds to the uncertainty.

The courts treat the advances paid by the prospective buyers more or less like hand loans & so in the event of Insolvency declared by builders, the buyers are the last to get their settlements. Now, they may get very little or nothing back.

We have one life - few years of active earning time - few years of enjoyment with family - Question to ask is do we pay a tad more for a finished product or pay less & stay in hope of receiving a finished product.

In my mind, investors are better off to spend their hard earned money in buying READY TO MOVE apartments else stay put in RENTED APARTMENTS.