Know your Advantages in Investing in Pre Launch Projects in Bangaloreby Keerthi Builders Real Estate Developers & Builders
Pre launch in Real Estate
Sometimes builders would have drawn a plan for a project but wouldn't have yet got any approvals from the regulatory authorities and at this stage the builders announce their project to their potential buyers. This is called Pre-launching of a project. This is usually done by the builder to receive funds for the construction without heavily depending on market loans or other financial aid once they receive the approvals from the authorities. Once the buyer starts booking their slots the builder already has cash in hand to start the construction.
How does one know about pre launching of a project?
The talk of Pre-launching of a project takes place in the fraternity usually by word of mouth, an email or even by ads that say something like “Pre launch offer at Limited time” . This is how the developer informs the investors, brokers and others about the availability of properties in a particular project.
Types of projects available for pre launch booking
The projects include both commercial and residential projects. The properties also include luxury, ready possession, affordable, soft launch, villas, under construction sites, apartments, penthouses, plots and many more.
Advantages of pre launching a project
The advantage of booking pre launch projects in Bengaluru is that the property rate would approximately be 10% to 40% lower than that of post launch projects. There is also an advantage of dealing with the original buyers without any middleman stepping in.
What is the reason behind the discounted rate?
Through the pre launch project booking the builder will be able to raise interest-free capital, therefore the builders will be able to pass on the pre launch booking benefits to their pre launch investors. This benefits the buyer by gaining attractive discounts.
Be an early bird
As the saying goes as early birds catch the worm, it is important to know that the best slots are booked faster.
Resale for profit
Since the property you booked is at a discounted rate, there is always a scope for resale of the property for profit after the completion of the project.
What care should be taken in booking a pre launch project?
It is always necessary to check the credibility of the builder. It is required to check their track record in their business. This helps you to easily understand if you can trust the builder. All the legal documents should be verified thoroughly to avoid any dispute in the later stage.
While booking for pre launch projects in Bangalore
it is recommended to be very careful. We all know that when there is something
good, some people always try to take advantage for their own benefit. To avoid
such untowardly incidents to occur it is recommended to deal with the best property dealers in Bangalore such as
Keerthi Builders. They are more than a decade old and their projects in and
around Mysore Road speak of their credibility. They help you choose a property
as per your requirements.
Created on May 5th 2021 01:41. Viewed 199 times.