If you have been on the lookout to invest in a new property in Pune or if you harbour a keen interest for the real estate market, you most likely have come across terms like ‘pre-launch, ‘new launch’ or, ‘soft-launch. You most likely have also been served with advertisements for ‘attractive new launch prices’ or ‘exclusive pre-launch benefits’ from developers and builder groups. But what does this mean for you as a buyer?
Pre-launch or new-launch projects are ones where builders have drawn up plans and have opened bookings for buyers. Any such new projects will be offering a sale/proposal against a plot or project plan. As a buyer, the prime benefit of going for a new project in Pune instead of semi-constructed or ready-to-move is its cost-effectiveness. As compared to semi-constructed and ready-to-move properties, these offer almost 35-50% of price benefits.
Moreover, you can enjoy many strategic advantages for purchasing in the upcoming projects in Pune. Have a look at the benefits of these new launch projects so that you can make informed investment and the right decision.
‘The Early Bird Gets the Worm’
During the new launch of projects, builders tend to offer the best prices for buyers and investors. Owing to the competitiveness of real estate markets, developers try to attract new buyers in this early phase by offering huge price discounts, and you can benefit by saving up your budgets for future expenses of interiors and furnishing the home.
Also, post-RERA, a buyer is completely safe while buying new launch projects from reputed builders and developers.
Book before the Price Hike
As a prospective buyer, you would be looking forward to residential projects in Pune while the prices are affordable. During this pre-launch phase of a new property, you can book your home at lower, reasonable prices. When the property heads towards its completion phase, prices tend to rise. Most builders start hiking the prices when they begin construction and scale up until the last stage. So, for both home-buyers and investors, purchasing during the new launch projects is profitable.
Pay at Ease
With the tax benefits of a Home Loan, you can live your dream of a new home without much burden. For new launch projects, schemes where you don’t have to pay EMI till possession come to your rescue. Also, while buying a pre-launch project, you only have to pay 20-25% of the cost to builders. Until the property is transferred to you, builders pay the interest against the loan, pushing them to finish the project soon and making it a win-win for buyers and builders.
Customisations for your favourite unit
When buying a property at its new launch stage, you get to choose your favourite unit with the best balcony view as you are one of the early birds. With more availability of options, you are saved from compromising on your dream home. Additionally, while it’s the pre-launch property, you can always get few interior modifications done in designs that match your aesthetic.
Smart Investment
As metro centres have become overcrowded, even millennials are moving out to suburbs, and corporates are settling in vicinities. At this time, if you are looking to expand your real estate investment portfolio, then new launch projects in Dhayari Pune are your best-buy. You can buy these at lower prices and when the neighbourhood starts developing in a few months, book easy margins by selling them. For real estate investors, new launch projects are most profitable to enjoy higher returns and quicker appreciations.
To sum it up, whether you are a home-buyer or an investor, pre-launch projects are worth your money! Have a look at the upcoming projects by Mittal Builders in Dhayari Pune and other significant areas within the city.