When you search for flats for sale in Kestopur, you will see both resale listings and new projects from developers. They can look similar in a photo but behave very differently when it comes to cost, legal checks, loans and what happens if something goes wrong. Here is how to compare them.
Resale vs new flats, side by side
| Factor | Resale flat | New or ready-to-move flat from a developer |
|---|---|---|
| Possession | Usually quick once paperwork is complete | Ready-to-move: immediate. Under construction: you wait for handover |
| Condition | Normal wear and tear. May need repairs or renovation | Fresh finish with fittings as per the specification list |
| Legal checks | You verify the full chain of ownership, mutation, tax receipts and society dues | Developer's title, sanctioned plan and completion certificate. RERA registration where applicable |
| GST | Not charged on resale | Generally not charged on flats sold after the completion certificate. Applies to under-construction flats |
| Stamp duty and registration | Applies | Applies |
| Home loan | Lenders look closely at the building's age and condition | Documentation is often more straightforward, and some lenders have tie-ups with developers |
| Amenities | Varies by building: lifts, power backup and parking differ | Modern amenities are usually part of the project |
| If defects appear | Usually your cost to fix | For RERA-registered projects, the developer must rectify structural or workmanship defects reported within five years of possession |
This is a general comparison. Check the specifics of each flat and project, and take professional advice for legal and tax questions.
Due-diligence checklist for resale flats
- Ownership chain: ask for the title deeds and previous sale deeds, and have a lawyer verify them.
- Existing loan: check whether the flat is mortgaged and how the seller plans to clear it.
- Mutation and tax: confirm the property is mutated in the seller's name and that municipal tax receipts are up to date.
- Society and dues: get a no-dues confirmation for maintenance, electricity and water.
- Sanctioned plan: check that the flat matches the sanctioned plan, with no unauthorised alterations.
- Building condition: look for seepage, cracks, the state of the lift and the staircase, and ask about the last repairs.
- Total cost: include stamp duty, registration, brokerage and renovation in your budget.
What to ask a developer about a new or ready flat
- The completion certificate (for ready-to-move flats) and the sanctioned plan.
- Whether the project is registered under RERA, and the registration number if so.
- The possession date, the specification list and an itemised cost sheet.
- The draft agreement for sale, read in full before you sign.
- The developer's earlier projects, so you can visit and speak to residents.
At Krishna Group, Krishna Shivangan has received its completion certificate and, like Krishna Lakeview, is offered with no GST, while Krishna Kamdhenu is RERA approved. For other projects, ask our team about their current status.
Which one makes sense for you?
Resale tends to make sense if you want to move quickly, you like an established neighbourhood, you are comfortable doing detailed legal checks, and you have budget for repairs.
A new or ready-to-move flat tends to make sense if you want fresh fittings, modern amenities, simpler paperwork and a developer you can hold to account. Read our Kestopur buyer's guide for more on the area, or see what your budget buys in flats in Kolkata within 50 lakhs.
Frequently asked questions
Is GST charged on resale flats?
No. GST is generally not charged on the resale of a completed flat, but stamp duty and registration charges still apply.
What happens if a defect appears in a new flat?
For projects registered under RERA, the developer must rectify structural or workmanship defects that you report within five years of possession. Check whether the project you are considering is registered and read the agreement for sale carefully.
Are resale flats in Kestopur cheaper than new ones?
It varies by building age, size, floor and condition, so compare actual listings. Remember to include repairs, brokerage, stamp duty and registration when you compare total costs.
See a Krishna Group home in Kestopur
Call +91 91644 89774 or book a site visit to see the flats for yourself.
Krishna Group has been building homes in Kolkata since 1988 and has completed 40+ projects. Our five current developments – Krishna Paradise, Krishna Kamdhenu, Krishna Shivangan, Krishna Lakeview and Krishna Heights – are all in Kestopur.
