Most of the Developers gets the license of project to commece construction and offer it on Bookings (comes under Primary Sale) at time know as Fresh Bookings or Original Bookings etc. So the under-construction fresh unit comes with customised payment plans, most popular being the construction linked plan. The ease of payment is the biggest advantage of buying an under-construction unit from a developer.

 

Since the unit is new and unused, you will not have to worry about the chipping paint or nail holes. You can make changes to your unit from scratch. Post the implementation of RERA on 1 May, 2017, all under-construction and new units are mandated to be registered under RERA. Buying a fresh property will ensure transparency of information and transactions. Moreover, the Appellate Tribunal under RERA will also protect your interest in case of delay or default from the developer’s end.