If you are a buyer looking for investing in a new project in the real estate market you might have heard terms like pre-launch, new launch, or soft launch. The builders have looked up the plans and opened bookings for the buyers. These properties offer 30 to 50% of the price benefits.
The builders tend to offer the best prices during these times. These huge discounts can benefit you by saving up your budgets for future expenditure of the interiors and furnishing home. Post-RERA, a buyer is completely safe while buying new launch projects from reputed builders and developers.
You can book a new home for lower prices and at affordable rates. When the property moves towards the completion phase, prices naturally go up. Most builders start hiking the prices when construction begins and scale up during the completion phase. Hence, for both parties, investing during pre-launch is profitable.
With tax benefits, you can live in your dream, home, without much burden. There are schemes where you don’t have to pay EMIs. And with pre-launch projects, you pay only 20 to 25% of the cost to the builders. Builders tend to finish the project soon and deliver at an early date making it a win-win situation for both parties.
When investing during the pre-launch phase, you get to choose the view of your apartments, whether it’s the balcony view or the garden view, or the landscaped view. With most options open to you, you don’t get to compromise. You also get the privilege of few interior décor options open for modifications, that match your aesthetics.
The city is getting crowded and even Millenials are now considering moving into the suburbs, while the corporates are setting up in the vicinities. Also if you are the one looking to expand your real estate portfolio, then buying at a low price and selling at the right time with inflation is beneficial.
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