Advantages of Buying a Property During its ‘New Launch’ Phase
Words like ‘new launch’, ‘pre-launch, under-construction, and ‘soft launch’ are some of the common words in the real estate industry that you might be familiar with. These terms are commonly used in the market from the perspective of property buying. There is a huge difference between ready to move in and under construction or new launch projects. This new launch or under construction projects are preferred by a majority of people, as they are more economical and beneficial than compared to conventional ready to move in properties.
Buying projects in the pre-launched phase always benefits the buyers as they help them with the affordable price advantage and the opportunity of getting the property of their choice. If you are looking to buy a newly launched property, here are some of the prominent advantages you will get at a very attractive price point.
• Book before the price hikes
Many of the developers bestow you an attractive process during the new launch phase. You should not miss this opportunity to maximize your potential income. As real estate is one of the competitive industries, the developers try their best to attract buyers by offering early bird discounts. This will help you save a considerable amount of money, which you can use as a budget to enhance the interiors and to take care of the furnishing of your home. Whether you are planning to invest in a new property or planning to buy a home for yourself, this stage is the best stage for you to think about. By doing market research, you can find many of the ready to move in and semi-constructed projects have a high price as compared to under construction or new launch properties. So it is advised if you want to buy a property in your budget, look no further than a pre-launched property.
•Pay at your ease
You can now live your dream of a new home, without having much burden; with the tax benefits of a home loan. There are a plethora of schemes for new launch projects, which allow you to pay the EMI flexibly and you don’t have to pay it till possession comes to your rescue. Also, there is a new benefit, that you can just pay 20 to 30% of the cost to the developers in a pre- launch phase. And until the property gets transferred to you, these developers pay the interest against the loan. This ensures the fast-finishing of the project and making it a win-win scenario for both buyers and builders. There are many payment plans too, which will help you pay the amount at your ease. With such profitable opportunities, this new launch period can be the phase where you can fulfill your dream of having a home or buying a property.
• Early bird gets the best worms
Many of the developers bestow you an attractive process during the new launch phase. You should not miss this opportunity to maximize your potential income. As real estate is one of the competitive industries, the developers try their best to attract buyers by offering early bird discounts. This will help you save a considerable amount of money, which you can use as a budget to enhance the interiors and to take care of the furnishing of your home. Whether you are planning to invest in a new property or planning to buy a home for yourself, this stage is the best stage for you to think about. By doing market research, you can find many of the ready to move in and semi-constructed projects have a high price as compared to under construction or new launch properties. So it is advised if you want to buy a property in your
•Enhanced features
As compared to a completed or ready to occupy the property, where you get an apartment offering less customization, a new launch project offers the best customization and enhancement like best view or the preferred layout. Additionally, in the new launch offer, you can always get customization according to your wish. You can get the modifications done in the designs that right match your lifestyle. You can get all these modifications and customizations done within your budget. This is all that we all wish for. A shift in cabinet area, your wardrobe location, an extra kitchen cabinet, a mirror outside the washroom, and many other modifications can be easily done under your budget this period very easily. So is always preferred to invest in the new launch period. It doesn’t matter whether you are a fresher in this industry or an experienced person, you can both equally avail the same profits and benefits in this pre-launch period.
.A smart investment to go with
In today’s time, metro cities are becoming overcrowded, and even millennia are moving out to suburbs. At this time, when you are looking to expand your .real estate investment portfolio, the new launch projects are the hottest deal for you. Investing in this period can be the smartest move for you, as you get many options to choose from on various factors like development, vicinity, location, and others. You can smartly think about the factors and take a wise decision.
So to sum up, this new launch period is considered the best period for you to invest your funds to buy a home. Always try to prefer reputed developers or companies, so that you get a reliable and smart option.
