Advantages of buying a property during its ‘new launch’ phase

If you have ever gone out searching for a property, you surely would have heard of the term ‘pre-launch’. Pre-launch refers to the period where the building project is announced. It is definitely a good proposition for the buyers and even investors to purchase the property in its pre-lunch stage. Here are some advantages:

A day late and a dollar short

If we put in the right efforts at the right time, we are sure to book monetary gains in the pre-launch phase. During this phase the builders offer a price that is comparatively lower than the one offered during the semi-construction or the ready to move in phase. Once the property is ready, we cannot avail this early bird price benefit. The money saved here can easily be allocated by the buyers for interior designing or other needs. With RERA coming into existence, buyers are completely safe and secure when buying a property in this phase.

Tailor made choices

When you buy a property in its launch phase, you get to make your own choice with respect to the desired floor, unit, view, direction and much more. Buyers can also get interior modifications at this stage. This brings the dream home or workspace closer to the expectations. Once the building is fully done, making changes is not easy. There are clearly more choices available during this phase and compromises can be avoided.

Smart Investment

Buying a property in the pre-launch phase opens up the opportunity to get the best return on investment. We can take the advantage of price escalation that trickles in after pre-launch. Once the building is up for possession, the prices tend to rise. So if we plan to sell off, we can make huge returns. If we plan to allocate more funds to real estate investment, this is just the right phase to put in our money.

While we understand that it is wise to invest in properties in the pre-launch phase, it is imperative to buy the property from reputed buyers. When we plan to put in our money in real estate, working with established builders always gives us the needed security and peace of mind.