Benefits of purchasing a property during its ‘new launch’ phase
Why investing in a property during its launch phase is a good idea? The reasons are listed below.
A wise investment
With practically all of our metro areas becoming overcrowded, not only millennials but also corporations have begun to relocate to the suburbs or outside of town.Seeing this as an excellent opportunity to invest in real estate, you might buy a recently released property with all of its associated benefits and sell or rent it at a profit after the project is done.
Simple payment methods
Homebuyers may maintain their ambition of proudly owning a domestic without any difficulties thanks to the tax advantages of a domestic mortgage. Most of the newly revealed housing projects will include plans or offers wherein purchasers would no longer be required to pay an EMI until they take ownership of their property, which will be a significant financial relief.Furthermore, while purchasing a newly released project, you should expect to pay the builders 20-25 percent of the total cost. Because the builder is responsible for paying the mortgage’s interest, they may be compelled to complete the project as soon as possible. This is one of the several advantages of purchasing a property at its first stages.
Avoid price increase
The next advantage of purchasing a property during its pre-launch phase is the ability to lock in a low price before it goes on the market and prices rise. Surprising price increases for properties following RERA certification are a fairly common occurrence in the real estate market, and having the option to pre-book and buy a newly available property is unquestionably advantageous. Because various elements such as rising demand for housing homes, infrastructural developments, rising labor costs, raw fabric costs, and revised legal guidelines all contribute to the price hike of belongings, selecting a newly released task will save you a significant amount of money, which you can use for future investments.
Early Discounts
During the introductory stages of a newly released project, the majority of developers in the real estate market provide tempting fee offers to homebuyers. The prices offered by developers during this pre-production phase are significantly lower than those offered by continuing development or ready-to-move-in housing schemes. A simple market study will show you that you are correct. As a result, whether you are looking for a place to live or an asset to invest in, freshly launched housing initiatives are an excellent choice.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
