Under construction, ready to move and pre-launch: Bengaluru buyer questions
Short answer
This page answers 5 common Bengaluru buying questions on "Under construction, ready to move and pre-launch". Each answer was checked against official sources, which are listed under it. Rates, fees and time limits change, so the answers point you to the current rule instead of quoting a figure. This is general information, not legal, tax or investment advice.
Which is better, an under-construction flat or a ready-to-move flat?
Neither is better for everyone. An under-construction flat often comes with staged payments and a wider choice of units, but completion depends on the developer and the Act gives buyers remedies for delay, which shows delay is a recognised risk. A ready flat can be inspected now, with checks on the occupancy certificate, khata and dues. We give factors and no recommendation. Match the choice to your timeline, cash flow and appetite for waiting.
Checked against
Is it safe to buy an under-construction flat in Bangalore?
It carries more uncertainty than a completed flat, because completion depends on the developer. You can lower the risk by checking the exact phase on the RERA portal, reading the declared completion date and any extension, reading the agreement with a lawyer and visiting the site. We cannot say a project is safe. Your own finances and your flexibility if dates move matter too, and a registration is not a verdict on any project.
Checked against
What is a pre-launch project and what are the risks?
A pre-launch is usually a sale before the formal launch, sometimes before approvals are complete. The Act says a promoter must not advertise, market, book or sell in a project without registering it, and the state FAQ says registration follows plan approval and the commencement certificate. Money may be taken early and promises may not be in a signed agreement. Check whether the project has a registration, ask what happens to your booking money if launch is delayed, and avoid paying large sums without a written agreement a lawyer has read.
Checked against
Can I get my booking amount back if I cancel before signing the agreement?
It depends on what the booking form or allotment letter says and on the law, and we found no official page that sets a refund rule for every case. The Act limits what a promoter may take before a registered agreement for sale, and the promoter files its proforma allotment letter and agreement at registration. Read the terms before paying, ask for the cancellation clause in writing and keep receipts. If a dispute arises, ask a lawyer about a notice and about the authority.
Checked against
Should I sign the agreement for sale before paying large amounts?
The Act sets a cap on what a promoter can accept as an advance or application fee before it enters into a written, registered agreement for sale, so ask the seller why more is being asked for. We do not state the figure here; check the current section of the Act and the state rules, or ask a lawyer. Do not pay a large share on the strength of a booking form alone, and have the draft agreement read by a lawyer first.
Checked against