If you know the real estate market, terms like ‘new launch’, ‘pre-launch’ might sound familiar to you. These words are used to refer to properties which are recently launched and also to promote the properties among potential customers. Investors tend to show special interest in newly launched properties as they are affordable as compared to the ready-to-move-in apartments. Thus, purchasers enjoy a price advantage when they buy the properties in the new launch phase. Additionally, if you are looking for an apartment in a specific area, it is advisable to opt for a newly launched property in that locality. There are many more benefits of investing in a newly launched property. Want to know about them? Keep reading the blog.
Reduced Prices –
During the initial phase of projects, the rates of the properties are comparatively low and reasonable as compared to post-launch rates. This is because of some factors such as increasing the cost of raw materials and labor, revised laws, escalating property demands, and price hikes after the pre-launch period. People advise to invest in properties beforehand to avoid spending an unreasonable amount of money in the future. If you choose a newly launched property, it would help you to save for other expenses such as interior design and registration. Additionally, you can also sell the property, when it is in the ready-to-occupy state at a greater price as can be seen in the case of the Saya Gold Avenue High Court case.
Enjoy the best deals –
Most of the real estate companies offer discounted prices during the initial launch stage of properties. Owing to the highly competitive market, the builders try to capture the buyers by giving such early bird rebates. If you aspire to invest in a new home, you must make the most of this opportunity. Conducting market research will make you aware of the fact that semi-constructed properties and ready-to-move-in apartments are expensive as compared to newly launched projects. Hence If you wish to invest in a budget-friendly property, nothing could be better for you than a flat in a newly launched project.
Customizations and extra features –
If you choose a ready-to-move apartment, there are meager chances that you will get a home with the best layout. Your apartment might not provide you with the best view of your city. Whereas according to the Saya Gold Avenue Court Case the benefits of buying an apartment in a newly launched project are numerous, you can decide how your home would look. You can modify your kitchen space according to your preference or you can get a customized interior for your bedroom. If you purchase an apartment in a newly launched project. The best part is, you can do all these customizations conveniently within your preferred budget during the new launch phase.
If you wish to widen your investment portfolio, the best way to go about it is by purchasing an apartment in a newly launched project. It doesn’t matter whether you are a home buyer or a real estate investor, purchasing the properties during the new launch phase will always be a safe and wise option. This is because it would help you to make savings.
You should always opt for a reliable and trustworthy real estate company to avoid running into financial troubles. Bear in mind to thoroughly check the RERA registration number other documents, which the government mandates before purchasing a property in our country.