Why Invest In A Pre-Launch Property?

When builders provide a few units of uncompleted projects’ at a comparably lower price to investors, this arrangement is called as pre-launch residential projects. Here, the properties are still in the planning phase, and builders are not allowed to advertise these pre-launch projects. They can share this offer only through word of mouth.

Investing in pre-launch property can cost 30% to 40% lesser than the property after completion of construction. This kind of arrangement is beneficial for both buyers and builders. Buyers need to choose a reputed builder with a brand. For that, they should go through builders’ past track records.

Benefits of Investing in a Pre-launch Property

1. More Options

The person buying the pre-launch projects will have huge benefits of choosing the best units, as per their preference from different unit options. There will be fewer other buyers and lower competition; they can choose a unit of their own choice.

2. Lower Cost

As it is a pre-launch property, generally builder will not charge buyers any cost of amenities, parking space, floor charges, etc. This kind of offer will cost them lower than the post-launch price. Investing in real estate projects like pre-launch properties will lower their interior and registration costs.

3. Designing Your Unit

Customization is the biggest opportunity buyers will get if they buy pre-launch property. They can suggest new designs of their choice or modify any existing ones.

It will feel like they are constructing their own dream home. There are some new residential projects in Pune available currently. Interested investors can go visit new projects in Pimpri Chinchwad, invest, and customize their units.

4. More Profitability

Buyers can get benefits in 3 ways:

• Future price increases will not be an issue for the investors.
• Whenever the neighbourhood develops, buyers’ can give property at rent to earn a good rental income.
• If the property price increases significantly in the future, buyers will have the option of selling that property.

Points to Keep In Mind While Investing in Pre-launch Properties:

1. Buyers must know the builder well. If the builder has a brand, it ensures that they are authentic and will not cheat the investors; otherwise, the builder’s brand value may diminish in the long run.
2. Investors should not invest all their savings in the pre-launching project. Putting a small portion of their savings into buying these properties is a wise option.
3. Experts’ advice will save investors from any adverse consequences. Therefore, consulting an expert before any investment is always a wise choice.
4. Investors should safely keep all the payment proofs and contracts. Payments should always be made through cheque or electronic mode.

Conclusion:

When buyers buy a pre-launch property, the builder gets the money at an earlier stage, which helps builders complete the project and get approvals faster. This arrangement is beneficial for both parties. The builder will get the required fund without approaching banks and paying interest. Buyer will get their desired unit at a low price. 

It is the investors’ responsibility to be cautious while entering this kind of arrangement with builders. In case of confusion, don’t hesitate to contact the experts at Pharande Spaces in Pune.