Should Investors Put Their Funds in a New Launch Property?

When you explore the real estate market, you will find that the reputed developers have come up with several new properties. These properties have just been launched, and are currently under construction. In case you book your apartment in one of these projects now, you can move to these homes when they are completed. Now, should you put your fund into a new launch property? In this post, we have discussed the benefits and drawbacks of investing in these properties.

1. Potential of high returns

When you book your property in a new project, you get the prices as per the current real estate rates. However, when you acquire the property after a few years, the actual market rates might increase. Since you had booked at the older rate, you can benefit in terms of low-price purchases. Besides, the real estate industry in all the major cities has witnessed a steady rise in the prices of real estate. When you consider a timescale of 7 to 10 years while selling off these properties, you can benefit from an impressive return. 

Both the residential and commercial real estate sectors are catching up with this trend. Therefore, it makes sense to invest in new projects.

2. Ability to customize properties

When you invest in a property in its development phase, you get the opportunity to customize the property as per your needs. This would not be possible when you go for a ready to move property or resale property. Since the construction process of the apartments would be ongoing, you can coordinate with the developer to integrate features that you would love to have in your apartment. This way, you have a greater scope of personalizing the property. Also, when you invest in these homes, you can boost the property value significantly.

3. Lucrative deals

Established real estate developers are coming up with attractive offers like free furnishings, discounts, and low booking amounts. So, you can capitalize on these deals to make the purchase more affordable. Some of the other offerings include stamp duty rebates, group discounts, and deferred payment plans. Even some free club services are also a part of these deals

Considering that real estate is a safe investment in the long term, it would be wise to go for the new projects.

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