Purchasing an apartment during launch time can help you in several ways. Here are the key benefits of investing in the project during this period.
1. Best price available for early birds
When reputed developers launch a new project, they offer the apartments at discounted prices at the initial phase. This is a type of early bird offer. As a result, many investors and real estate buyers purchase the properties at an early stage. Given that the market is very competitive, the developers try to draw buyers with this type of attractive offer. However, people trying to purchase the same property a few months later would have to shell out an additional amount. As an aspiring homeowner, you might buy affordable homes in Chandapura at the best prices during the pre-launch period.
Particularly, projects that are under construction come in this category. Once these homes are ready for acquisition, you might not be able to avail such discounted prices. This is why the cost of ready-to-move apartments is generally higher than those during the pre-launch period. People interested to purchase a budget apartment should go for these properties. Once the developers withdraw this offer, the prices would shoot up.
2. Booking the apartments before prices rise
As a prospective property buyer, you would be looking forward to purchasing a home while the prices remain low. During the pre-launch period, most of the property buyers invest in real estate since they can purchase them at relatively lower prices. Once these apartments are occupied, the prices tend to rise. Therefore, it is logical to block the project before the prices scale up. In the real estate market, it is common for the prices to rise just after the pre-launch phase.
The rise in property prices can be attributed to several factors. This includes more demand for property, development of the infrastructure in the area, increasing cost of raw materials and labour, revised terms and conditions, and so on. Therefore, when you book your apartment during the pre-launch phase, you can make a considerable saving. Even if labour or material costs scale up, you need not pay the extra amount later on. When the property is ready for occupancy, you can earn a profit by selling it off at the market price. Of course, this price would be higher than the one which you invested.
3. Additional features and customization
Investing in a newly-launched affordable property Gurugram can be lucrative in terms of customization and integrating additional features. Besides, when you purchase the properties at the later stages, chances are there that you will not be able to get the apartments offering the best views. When you invest early, you get more choices in terms of features and customization. Moreover, homeowners can also get the interiors of their apartments personalized as per their tastes. At times, you may request the developers to make some minor changes in designs. When the project is under construction, it becomes easier to make these changes or incorporate certain additional features. Once the apartments are already constructed, it becomes difficult to alter the designs.