So, What are New Launch Properties
If you follow the real estate field, you might have heard such phrases like ‘pre-launch’, ‘new-launch’, etc. All these mean that the projects are under the commencement stage. These are common phrases used while selling a piece of real estate to the potential buyers. Many investors prefer to buy real estate in the new-launch stage because it is usually cheaper as compared to finished or ready-for-occupation homes. Thus, buyers are able tofully leverage the price benefit by acquiring such properties during this phase. Also, looking for newly launched projects in that region is useful if you want to acquire property in a particular location. Apart from these, there are many other advantages to buying a new launch property. Explore the perks of buying an asset when it is still ‘hot off the press’.
Early Birds Get the Best Price
Builders tend to set up the best price offerings that they can during the first pre-launching period. Given the competitiveness of the real estate market, players strive to attract buyers by providing early bird discounts. Budding homeowners should therefore be able to take advantage of such offers and book a new home at the cheapest rates possible. If you are looking to invest in real estate or searching for a new home, then new property launches should be ideal for you. Very often, market research shows that completed homes and existing semi-constructed projects are always priced over newly launched homes. So, for all those looking to invest into a low price property, newly launched projects should be your first point of call.
Get Ahead Of the Game & Secure Prices Now Before the Hike
One of the key benefits of investing in a property during the pre-launch phase is that one gets the opportunity to mitigate the risk of price escalation. New-launch phase of a property is followed by an increase in the real estate market price. Therefore, numerous investors tend to buy properties at the new-launch phase. Prices increase due to decrease in supply, announcement of new developments in the vicinity, increase in materials and labor demand and price, policies and many more. While other expenses of a newly launched project may incur, one stands to make a significant saving if the unit is sold when occupancy is active and ready. Therefore investment and profits can be made substantially.
Extra Features and Alterations
If you want to change something in a ready-made product, you might have to make sacrifices. On the other hand, acquiring a unit in a launch that is yet to come into the market gives you the opportunity to have different kinds of units depending on your needs. You may want a customized interior layout or to make minor design changes—all of which are feasible with a new launch project. This also applies to gated villa projects, where you can independently design your house at the beginning and build the house you want. Most importantly, all these modifications can be made without straining your finances.
A Taste of Elegance in One’s Dream Location
A newly constructed villa or an apartment project is worthwhile if you aim to diversify your investment. Whether you are a seasoned investor or a new first timer, buying an apartment during the new launch can be beneficial in cutting cost and making sense in terms of investment. You should engage a reputable builder with a track record in the sector to avert unforeseen legal and financial problems. In addition, it would help if you took a look at the RERA registration number and all other relevant documents required by the government before purchasing a property in India.
Final Thoughts; You Are Just a Bicycle Ride Away from Owning a Home
Now that you have seasoned yourself with the advantages of owning a freshly launched property, go ahead and check the new array of residential projects offered by Dream Location in Kerala.
Author’s Bio – Dream Location
We provide our clients with everything and anything that is related to owning a home in the aim of creating a hassle free experience as the top priority. We aim at providing useful and interesting articles with many details that pertain to the real state sector.
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