5 Reasons why investing in a newly launched project is a good idea. As the name suggest “Pre launching stage” means where is not yet launched, will going to be launched soon or time before launching the project.
Today getting a new own address has became very hard because of the escalating demand and rates in Realty Sector. In such instances most of us go for investing in prelaunch properties the only reason behind this is pre launch properties are available at a high discount. When compared to the ongoing or ready to occupy residential units, the prelaunch property price is quite less. That is, one can easily avail at-least a 20-30% discount on pre-launch stage of a property.
Why builder do pre-launch of project ?
It is quite common to see a number of builders and real estate developers sales flats sometimes even before getting the basic construction & approvals from various authorities. It helps the builder attain some initial cash flow to oversee the construction activity of the projects.It also gives the builder a chance to evaluate user interest in the project before investing a substantial amount. The risks are equally high for the builder and pre launch gives them an adequate chance to test the waters.
5 Reasons why investing in a newly launched project is a good idea
Early Bird Discounts
One of the biggest advantages of investing in new launches is the wide range of early bird discounts you can avail. You can get the property at very lower rate. Avail that property at 20-30 % lower as compared to possession level rate. As the project constructed step-by-step get hike in rate.
Best options available within your budget
You get the early bird advantage of choosing the specifications of the property once you narrow down on the development you are investing in. For example, in a gated community, you have the convenience of deciding between spectacular view or an easily-accessible apartment near the lobby or the lift area. Hence, your options are more varied. You can also choose the floor and the number of bedrooms you need as per your preference due to the comparatively larger number of vacant units. You can also Clubhouse view, Garden facing, club house facing flat. Choices are open for you with lowest rate.
Pay with Ease
As the property in pre-launching stage, so you get the more time to do payment of the property. Builder also needs buyer for there project so he can make easy payment structure so buyer can pay easily. Buyer also more time between booking amount, Registered agreement and other charges like maintenance charges, MSEB & Water charges etc.
Get it customised
This is the biggest advantage when you buy a newly launched property. You have the opportunity to customise the configurations of the rooms according to your comfort and convenience. At the prelaunch phase, it is easier to make minor changes which are compatible with the basic structure and make of the property. Since the development is still in the initial stage, you can also decide on the wall paints, flooring, and furniture provisions, and plan your home décor ideas accordingly. Once you take the custody of your apartment, it is comparatively difficult to make alternations.
Experts says ” If you initially do investment in under-developed area so there will more chance to get best return on development that area”. Keeping this in mind, it is a good idea to invest in a newly launched property situated in the outskirts of the city so the neighbourhood can also further develop as the property develops .There is no doubt that buying a property prelaunch will give high increment on rate till possession. location plays a huge role while investing in real estate .
To sum it up, if you are investing in real estate to enjoy high returns and fast appreciation, then opting for a new launch will be your wisest decision.
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