Home › Glossary › Resale vs New booking Buying and sellers · Differences Resale vs New booking A resale home is bought from its current owner and is usually ready to move into, with a track record you can inspect. A new booking is bought from the builder, often before completion, at a launch price with RERA protections but construction risk. The full guide compares them in detail.
Read the full comparison: New launch vs resale property: price, paperwork, loans and tax →
Side by side Factor Resale New booking Seller The current owner The builder Possession Usually immediate On completion What you can inspect The actual home and society Plans, show flat, RERA page Price basis Negotiated with the owner Builder's price list plus charges GST Not on a completed home On under-construction homes Key checks Title chain, society NOC, dues RERA registration, approvals, builder's record
When Resale matters Resale suits buyers who need to move in soon and want to see exactly what they are buying.
When New booking matters A new booking suits buyers who can wait, want a new building, and have checked the builder and RERA registration.
In more detail The full comparison covers pricing, loans, risks and costs on both sides.
Common questions Is GST payable on a resale flat? Not on a completed home with an occupancy certificate, bought from its owner.
Which is cheaper, resale or new? It depends on the area. Compare total cost, including charges and the time to possession.
Does RERA protect resale buyers? RERA mainly governs promoters and agents. A resale between individuals is governed by the general law.
Related guides New launch vs resale property: price, paperwork, loans and tax Ready-to-move vs under-construction: which flat should you buy?