Top reasons why you should buy a property in pre-launch phase in India

You're now settled. You're earning well and would finally want to invest in a property to maybe build your own home or to maybe rent it out. You're looking for options and often wonder if you should buy a property in India when it's still in its pre-launch phase. Properties are in their pre-launch phase where the builder has already announced the project proposal and is now looking to sell them. But, for somebody looking for a home, why would you invest in a property that's not even built yet? Well, here are a few benefits you can consider to buy a property in its pre-launch phase:

Best prices are available during this phase

Every reputable developer when launching a new project offers them at discounted prices just for the initial period. You can call it an early bird offer. Real estate investors do not generally miss out on such opportunities and purchase such properties to sell them at a better price to people like you later on. For developers, since the real estate market is competitive, this phase turns out to be beneficial because of the attractive offers they put out for the buyers. Now, somebody who does not invest in the property now would have to pay a much bigger number a few months later for the very same property. So, if you're somebody looking for an apartment under budget, you should look out for properties in its pre-launch phase. As an aspiring investor, you can always contact a real estate advisory company to know about such offers as soon as they pop up in the market.

The choice to customize the property as needed

If you buy a ready-to-move-in apartment, you'll have to spend additional bucks to make any changes to the property. But, with properties in their pre-launch phase, you can still add some changes to the plan if you want since the property will still be under construction. This is not always the case but there's a high chance you might be able to do it. If you're lucky enough and are in contact with a great builder, you can even get to choose your choice of floor and even the view you want. In areas like DLF Moti Nagar, you can find a lot of properties in their pre-launch phase with great views and multiple options in terms of budget. You can contact a real estate consultant company today to look for such properties.

Great deals for real estate investors

If you're not specifically looking to live in the property you buy and just want to invest in some properties, you should invest in properties when they are still in their pre-launch phase. The reason is the deals you get at this time. Buy the properties at a relatively lower price today and sell them at a much higher price to tenants later. It is only logical to put a price on a project before you see the rates going high. Especially when you're somebody from the real estate market, you must know how prices for properties rise right after the pre-launch period. Especially in posh areas like DLF Capital Greens, you don't easily get a property at a price that fits your budget unless you're somebody who's planning to invest a huge amount. So, it's advisable to invest early in a good location than paying extra to live a lavish life in the same property later.

Quicker Project Completions

If more and more people like you invest in a building in the pre-launch period itself, the builder ends up with a huge capital at the start of the project only. He would then have no excuse to delay the project and would also have the money to complete it as soon as possible. Since the approvals would have already been made, you can expect the property to be ready in no time. This way, you get enough time to find the tenants or even the new buyers of the property who are willing to pay you a good profit over the invested amount, and you can even wait for the property to be completed to sell a ready-to-move-in place at a much better price. DLF new launch Moti Nagar is one such project where properties are already being sold at a great pace and the building would be ready in no time to come. You still have the chance to invest there if you wish.

Who should invest in a pre-launch property?

Even though the blog states all the benefits, there might also be some downsides of investing in a pre-launch project and not everybody can afford those downsides. So, here's what you should check if you're planning to invest in a pre-launch project:

• If you're somebody who cannot afford a little risk, you might not want to invest so soon in a property. It does not always go on the right side and sometimes the builders end up constructing the property poorly. You can end up in a messed-up place if you're unlucky. So, there's always some risk attached to such investments.
• Pre-launch projects seem to be perfect for those looking to invest in a second home, a farmhouse, or those looking to rent out the place. Because this way, you'd have the security of having the first home already and even if you're not able to sell this property at a profit instantly, you can wait till the right offer gets to you.
• The real estate market is not safe all the time. You have to play around here as well. So, if you carry some extra funds and would want to take this chance, go ahead and play your cards.

People who want to buy a property in India often tend to be confused till the very last moment and it's understandable.