Buying an under-construction flat in Bangalore comes with several advantages, including flexible payment options, the ability to choose premium units, and strong appreciation potential. Investors can also benefit from tax advantages, along with access to modern amenities and the latest construction standards. Additionally, early buyers may secure exclusive discounts and  customization options.

Investing in an under-construction property in Bangalore can be a safe decision if due diligence is done. Ensuring legal transparency by verifying property documents and agreements helps protect buyers from potential risks. It also establishes project accountability and increases the likelihood of timely delivery. Additionally, checking the builder’s reputation, project approvals, and financial stability can further safeguard your investment.

Absolutely! Many leading banks and housing finance companies offer home loans for under-construction properties. These loans are typically disbursed in stages based on the progress of construction, and  charge interest only on the amount disbursed, leading to lower EMIs.

The tax benefits you can avail of while purchasing an under construction flat include deductions under Sections 24B, 80C, and 80EE of the Income Tax Act – covering both the interest and principal components of your home loan.

A construction-linked payment plan (CLP) ensures that payments are made in instalments as the project progresses, rather than as a lump sum upfront. This approach benefits both buyers and developers by reducing financial risk.

 How It Works

• Initial Booking Amount: Typically, buyers pay 20-25% of the property value at the time of booking.
• Stage-Based Payments: Payments are released in phases, aligned with construction milestones (e.g., foundation completion, slab construction, flooring, electrical fittings).
• Final Payment on Possession: The last instalment is paid when the property is ready for possession.

  Advantages of CLP

           ✅ Lower Financial Burden: Buyers don’t have to pay the full amount upfront.

           ✅ Reduced Risk: Payments are linked to construction progress, ensuring developers complete projects on time.

           ✅ Pre-EMI vs Full EMI Options: Some banks allow buyers to pay only interest (Pre-EMI) until full disbursal, while others offer full EMI payments from the start.