Buying Under Construction Property in Bangalore – Risks & Rewards

With Bangalore’s real estate market booming in 2025, many homebuyers are drawn toward under-construction properties. The promise of better pricing, new amenities, and flexible payment options makes it an attractive route—especially in fast-growing areas like Sarjapur Road.

Projects like Birla Evara, an under-construction residential community in Kodathi Village, are drawing strong interest from first-time buyers and investors alike. But before making a decision, it’s essential to weigh both the rewards and the risks.

Rewards of Buying Under-Construction Property

1. Lower Entry Price

One of the biggest advantages is cost. Under-construction properties are generally priced 10–20% lower than ready-to-move-in homes in the same area. This gives buyers a chance to enter premium locations at a more affordable rate.

For example, investing in Birla Evara during the early launch phase offers competitive pricing that is likely to appreciate drastically by the time the project is completed.

2. Flexible Payment Plans

Builders usually offer construction-linked payment plans, which means you pay in stages as the project progresses:

Booking amount
Plinth level
Slab completion
Finishing stage
Possession

This staged payment model helps reduce the financial burden upfront, giving you time to manage funds better.

3. Higher Capital Appreciation

Buying early allows you to benefit from property value appreciation over the construction period. In growth corridors like Sarjapur Road, property prices have risen consistently year after year.

By the time Birla Evara is ready for possession, investors could potentially gain a 25–30% appreciation, depending on market conditions and infrastructure developments like the Peripheral Ring Road.

4. Modern Design & Amenities

Under-construction projects are built to meet current lifestyle needs:

Smart home integration
Energy-efficient designs
Premium clubhouses, swimming pools, co-working spaces
EV charging stations and more

You also get to choose your preferred unit, floor, and view, which is rarely possible in resale or ready units.

Risks of Buying Under-Construction Property

1. Possession Delays

Even with RERA in place, delays can happen due to:

Construction setbacks
Regulatory approvals
External factors (labor, supply issues)

Buyers should always check the project’s RERA registration and expected completion timeline. Birla Evara, being a RERA-registered project, follows strict delivery guidelines—reducing this risk significantly.

2. Changes in Project Layout or Features

Occasionally, developers may alter the layout, amenities, or specifications between the booking date and possession. To protect yourself:

Carefully read the builder-buyer agreement
Keep communication transparent
Ensure promised amenities are part of the registered plan

3. Financial Risk During Construction

During the construction phase, buyers often pay EMIs (if loan disbursed) and rent (if staying elsewhere), which can put pressure on finances. However, many developers offer subvention schemes or delayed EMI plans to ease this burden.

4. Market Fluctuations

While long-term appreciation is likely, short-term market corrections may impact the resale value temporarily. This is less of a concern in established micro-markets like Sarjapur Road, which continues to grow in demand due to its IT hubs and infrastructure boost.

Under-construction properties in Bangalore offer a compelling mix of lower cost, design flexibility, and long-term returns. But it’s essential to be informed, cautious, and strategic.

If you’re buying into a project like Birla Evara, you reduce most of the common risks—thanks to the reliable builder reputation, clear legal status, and RERA compliance. As long as your financing is in place and your timeline is flexible, investing in an under-construction apartment can be a smart move for both homebuyers and investors looking at Bangalore’s future growth.