Q: Hi, I’m planning to buy an apartment in Gurgaon, and I’m coming across many pre-launch projects with good discounts. I want to know the complication that I could face in buying such property. Is it safe to invest in soft launches?
Investing in pre launched projects in cheap and the price advantage can go up to 20%.If you stay alert and study about the project before investing, pre launched projects offers you cheap and profitable proposal.
Developers need initial capital to launch their project, lay the foundation and start the construction. Currently, lending capital by banks to realty sector is backsliding and in a low phase due to high interest rates of funding and non-eligibility of developers to fulfill the norms. Hence the only way to generate interest free capital is from pre launch of project.
I think, for soft launches, you can also try in Yamuna expressway. There are many projects coming up in Yamuna expressway and best thing is there are good in terms of price . Both luxury and affordable houses are available. about pre launch discounts the best idea you will get from the local brokers .
Hi, Majority of large size real estate projects are developed in phases., first you need to check few documents lik land approvals, sanctions, finance from banks, etc. Then only have a word with the builder for investment . Also check the site before you decide the project.
You better buy from a reputed builder than any small and new ones.. we can trust builders who are in the market from long time. And legal check is important before investing. Hire a legal expert to get help in the verification process..