The advantages of buying a property during its launch phase are too many and too good.
Without doubt, the property launch phase is the best time to purchase a property. We don’t deny that there might be some risks involved because the property is not yet constructed. And you do not know what the final plan will turn out to be. But the benefits of purchasing a property during its pre-launch stage are too good and too many.
Pre-launch property comes with a lower price tag. To attract buyers, most of the developers offer the properties 10–30% cheaper than the finished projects. Attracting capital early on also saves the cost of marketing and commercial loan interest.
You can be picky about your property. The first people who buy the property get to choose where they want it to be. Assume you want an apartment with a lot of sunlight. You may also desire a view of the park from your balcony. Or you want a lower story. You can easily make such choices when you are buying a pre-launch property.
Unbelievably, pre-launch property appreciates quickly. The prices of the property are going to rise immediately after its successful completion. Believe it or not, once the apartment is completed and the developer begins to sell the constructed properties, the property rates may rise by 10 to 40%.
You can bargain for additional features. When the building is still being built, customization is simpler. Raw materials are accessible. On site, construction workers are still there. If you express interest in purchasing a pre-launch property, the developer would gladly accommodate any minor changes you need, such as additional grilling space on the balcony or some woodwork in the kitchen.
Buying a property during the pre-launch period gives you more options in terms of customization and features. The developer is more accommodating. There is also great scope for bargaining. You get a choice in terms of the location of the property or the floor on which you desire the property. All in all, provided you can trust the developer, buying a property during its pre-launch period is a good proposition. New property launch time is the best time to invest.