Possession status generally falls into a few categories: ready-to-move (construction complete, often with an occupancy certificate already issued), near-possession (construction largely complete but formalities pending), and under-construction (still being built, with possession dates that are estimates rather than guarantees).
Ready-to-move properties let you inspect the actual unit and reduce timeline uncertainty, but often come at a price premium. Under-construction properties can offer better pricing but require patience and closer monitoring of progress.
Whichever category you are considering, ask specifically for the occupancy certificate (for ready properties) or the RERA-disclosed possession date (for under-construction ones), rather than relying on verbal assurances.
