Should You Buy an Under-Construction or Ready-to-Move Home at Godrej MSR City?
Buying a home is a big decision—especially at a new township like Godrej MSR City in Shettigere, North Bangalore. One of the first choices you'll need to make is: Do I buy a home that's still being built, or one that's ready to move into right now?
Each option has its pros and cons. Some buyers want a brand-new apartment with the latest features. Others want something ready today so they can skip the wait. This guide breaks it down in simple terms to help you choose what's right for you at Godrej MSR City.
- Location: Shettigere, Devanahalli – 15 mins from the airport
- Project Name: Barca @ Godrej MSR City
- Launch Date: April 2025
- Type of Homes: 2 BHK and 3 BHK apartments
- Possession Date: March 2030 (expected)
- RERA No.: PRM/KA/RERA/1250/303/PR/010425/007644
The project is currently under construction. Work has started, but it will take a few years to complete.
It means the building is still being built. You book your home early, usually at a lower price, and pay in parts as construction moves forward.
- Lower price at launch: Builders often offer special deals when they launch new projects.
- Pay in steps: You don't pay the full price upfront. You pay in parts as the home is built.
- New designs and features: Since it's a new project, you get modern layouts and updated amenities.
- More growth in value: By the time you get possession, the price of your home may go up.
- Some customization: You may be able to choose things like tiles, wall colors, or fittings early in the process.
- Long wait: You can't move in until 2030.
- Construction delays: Even with big names like Godrej, delays can happen.
- You may pay rent + loan interest: If you're renting, you'll still pay your home loan's Pre-EMI while you wait.
- GST applies: You'll have to pay 5% GST, which adds to the total cost.
- You can't see the actual flat: You have to trust floor plans and sample units.
This means the apartment is fully built. You pay, register, and move in right away. Everything is done.
- Immediate move-in: No waiting. You can live there or rent it out right away.
- No GST: Homes with an occupancy certificate are not taxed under GST.
- You see exactly what you get: You can inspect the flat, test the fittings, and walk around the building.
- Start tax savings early: You can claim home loan tax benefits from the first EMI.
- No surprises: There's no risk of delays or quality issues.
- Higher price: Since it's ready, you'll usually pay 10–20% more.
- Full payment upfront: You need to pay most of the amount at once or take a large loan.
- Older designs: If the flat is not newly built, it may not have the latest layout or tech features.
- Less choice: You might not get your preferred floor or view.
- May need repairs: If the home is more than a couple of years old, you might have to fix or update things.
Since Godrej MSR City is still in the early stages, the only option available now is under-construction homes. Here's what to keep in mind:
- You're buying at a lower price because it's just launched.
- It's a large township with modern features—like multiple clubhouses, landscaped areas, and good connectivity.
- The area (Shettigere) is expected to grow fast with the metro and other infrastructure coming up.
- You'll need to wait around 5 years to move in.
- You may pay Pre-EMIs during this time if you take a loan.
- You can move in now and stop paying rent.
- You avoid GST and get full tax savings right away.
- You'll likely pay more upfront, and the home may not have the same modern planning as a new Godrej project.
- Older buildings may not offer the same lifestyle or resale value.
Ask yourself:
- Do I want to move in soon or can I wait 5 years?
- Can I manage rent and loan interest together for a while?
- Am I buying to live in or invest for future returns?
- Do I want the newest layout, clubhouse, and open spaces?
- Am I okay with paying GST now to save later?
If you're okay with waiting and want long-term value in a modern township, under-construction at Godrej MSR City is a smart move.
If you need a home now or want to avoid the wait and extra taxes, consider a ready-to-move apartment nearby.
Buying a home is not just about budget—it's also about timing, lifestyle, and future value. At Godrej MSR City, you're getting a top-rated builder, a growing location, and a well-planned project. Just be clear on what fits your life better:
- A lower-cost, long-term buy (under-construction)
- Or a quicker move-in with less risk (ready-to-move)
Think about your finances, your needs, and your timeline—and you'll know which one is the better fit.
