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Home > Forum > Buying property > When we say Launch Date of a project, what do we refer to?

When we say Launch Date of a project, what do we refer to?

Q: Do we refer to the date on which project was made available to purchase? Or the day it was announced that some work will start on constructing it? Or some other?

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Replies (2)
1
Thanks Srinivas.
1st December 2011
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2
Hi Mukesh, when a builder announces the launch date of a project, he means the initiation of the construction work of the project. Some builders take a booking amount/ initial payment of 10% or so after the project launch date to start the construction work. Payment is done gradually in installment/slabs till the possession date.
Srinivas Rao


3

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