There are pros and cons to both new construction and resale properties. The better option for you depends on your priorities:

New Construction Pros:

• Latest amenities: Access to latest facilities like gym, pool, indoor games etc. New building infrastructure with modern plumbing, wiring, security etc.


• Lower maintenance: Typically covered under builder warranty. Lower needs for repairs or renovations in the early years.


• Clear paperwork: Legal titles and permissions for the property are cleaned upfront. Less hassle with paperwork as relevant documents come from the builder.


• Tax benefits: You may qualify for certain tax exemptions available for the first housing loan obtained, interest paid etc. which lowers overall liability.

Resale Pros:

• Location benefits: Properties in preferred locations that may not have new options. Already well connected to work hubs and social infrastructure.


• Lower prices: Can get a good deal on the property rate and overall cost. Scope to negotiate for the best price with the seller.


• No delays: Ownership and possession sorted with minimal wait time. What you see is what you get - the property is ready to move in.


• Known neighbourhood: Get reviews from existing residents about locality and community before purchasing. Familiarity with surrounding environment.

New Construction Cons:

• Uncertainties: Final product may differ from specifications. Unforeseen project delays can prolong wait for possession.


• Hidden/extra charges: builders may levy additional charges not covered in the initial agreement or excluded from the headline price. Fees can hurt affordability.


• Restrictions: Certain limitations on how you can modify the property despite ownership due to builder/association rules. Less independency for living.

Resale Cons:

• Ageing infrastructure: plumbing, wiring and building infrastructure may need upgrades or renovations adding to initial purchase costs. Higher ongoing maintenance.


• Questionable paperwork: Legal titles and documents may require cleanup. Past liabilities or ownership disputes pose risks if paperwork is not foolproof.


• Loans limited: Difficult to get housing loans as banks view the property as old. If available, interest rates charged may be higher. Most of the amount needs to be funded own your own.

The choice ultimately comes down to weighing the pros and cons for both options based on priorities like budget, location needs, amenities, taxes, paperwork etc. If cost and possession time are major factors, resale could work. If amenities and tax benefits matter more, new construction may be suitable. For maximum gains, markets where infrastructure growth fuels price appreciation in both new and resale segments should be preferred regardless of option chosen. With in-depth evaluation of all types of properties available, you can make a choice that optimizes your objectives in the long run.