# Under-Construction Property in India

> An under-construction property is sold before the Occupancy Certificate and paid for in milestone-linked instalments. See a RERA payment example.

Canonical: https://superwise.site/glossary/under-construction-property/
Last updated: 2026-11-01

A flat or villa sold by a developer before the Occupancy Certificate is issued, paid for in instalments tied to construction milestones.

## What is Under-Construction Property?

An under-construction property is an apartment or villa that a developer sells while the project is still being built, before the [Occupancy Certificate](https://superwise.site/glossary/occupancy-certificate/) (OC) is issued. Buyers carry the completion risk, so these homes usually sell well below the price of ready-to-move-in homes. Buyers pay in instalments linked to construction milestones, for example 10% on the foundation and 10% on the 3rd slab.

## Practical example

A buyer invests in an under-construction apartment priced at ₹60,00,000, with [handover](https://superwise.site/glossary/handover-possession/) expected in 3 years. Since [RERA](https://superwise.site/glossary/real-estate-regulatory-authority/), the builder cannot legally demand the full ₹60,00,000 upfront. The buyer pays the next instalment of ₹6,00,000 only when the architect certifies on site that the 5th-floor slab has been cast.

## In SuperWise

In SuperWise a construction milestone, such as the 5th slab cast, can be a zero-duration task in the schedule, shown as a diamond on the [Gantt chart](https://superwise.site/glossary/gantt-chart/). Tasks carry planned and actual start and finish dates, and site teams record progress against them, so the schedule holds a dated record of when each milestone was reached.

[Construction scheduling](https://superwise.site/features/construction-scheduling/)

## Related terms

- [RERA (Real Estate Regulatory Authority)](https://superwise.site/glossary/real-estate-regulatory-authority/)
- [Handover (Possession)](https://superwise.site/glossary/handover-possession/)
- [Occupancy Certificate (OC)](https://superwise.site/glossary/occupancy-certificate/)

## Related
- [RERA (Real Estate Regulatory Authority)](https://superwise.site/glossary/real-estate-regulatory-authority/)
- [Handover (Possession)](https://superwise.site/glossary/handover-possession/)
- [Occupancy Certificate (OC)](https://superwise.site/glossary/occupancy-certificate/)
- [Construction scheduling](https://superwise.site/features/construction-scheduling/)