There are currently several high residential real estate development projects launched by various developers that are in the pre-launch stage. There is a need to exercise caution before investing in a pre-launch property, as this can pose a significant risk. In most cases, the builder does not have the necessary governmental approvals already in place before launching the development project.
This risk, however, can be minimized by investing in a pre-launch project that is being floated by a trusted developer. Study the builder properly, their previous projects, their track record, and once satisfied, go ahead and invest in the property. Pre-launch projects are extremely attractive to savvy home investors as these properties can be availed of at a lower price.
One major benefit of investing in a pre-launch property is that pre-launch rates, in general, are reasonably and attractively lower. With several early-bird discounts offered, these prices may be 10 to 40% lower than the prices of the property post-launch. An intelligent investor will buy a property in a pre-launch at a much lower price than will be available later.
Investing in a pre-launch property will get you attractive rates, which is a profit in the high-volume real estate game. Investing in a pre-launch property will also enable you to customize the property according to your personal desires and taste. These will assure a higher price of the property if you plan to sell it once it has been completed.
Buying a pre-launch property gives you the advantage of selecting per your preferences, such as Vaastu-compliance, direction, floor, and location. This will ensure that you have a home that is in keeping with your requirements in the location you choose. Investing in pre-launch projects from reputed and trustworthy builders can be one of the wisest decisions an investor can make.
Tata Housing new prelaunch township Tata Carnatica.