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Real Estate Projects have various different terms attached to it like “pre-launch”, ”Launch-Phase”, etc. all these terms refer to the launch timings of a project. These are common terms that are used in the real estate market and the prospective property buyers. Real Estate investment partners show a great interest in buying properties in its initial launch phase as the building units are economical compared to when they are completed. The buyers can get maximum price advantages if they buy a home at an ongoing project rather than a ready to move in home. Also, if you wish to buy a home in a particular property you can choose the newly launched projects in your area.
Apart from this, there are many advantages of being newly launched property. The Perks of Buying A Plot Or A Home In Its Launch Phase Are As Follows:
Most of the builders give attractive price offers during the lunch phase. Real estate is a very competitive market and thus, every project owner or a real estate developer might put in their best offers to attract the buyers and offering early bird discounts is one of them. Aspiring home buyers can make the best of these moments while booking their new home at the lowest available prices. Whether you're planning to invest or even buy a home, A plot or A home in its launch phase is a perfect choice any day. Market research can help you find out the best ready to move-in home or homes that are in its construction phase. If you don’t have any issue with moving in at the earliest, you can choose a project in its launch phase for better rates.
One of the most effective benefits of buying a property in its launch phase is that you can block the price as well as the unit of your choice. Price hike for a plot or any residential project in the initial phase is quite common in the real estate market. So, considering this the investors mostly prefer being a home in the launch phase. Price hikes for the project can concur due to various reasons. It can be due to the infrastructural development in the nearby area or increase in the rates of raw materials, transportation cost, etc. To help you better with the whole buying a home at the best price you can always buy a unit and sell it when the property is ready to occupy the stage at a higher price and earn profit.
If you start with a ready to move in home, chances are less that you can actually make any structural changes to your home. The home you buy will nowt have the best view according to your preferred layout. On the other hand if you are trying to buy a home that is undergoing construction, you can choose to make some changes that can also meet the building rules and thus, suit your requirements. You can also choose to make changes to the layout of the interiors according to your necessity. When you buy a plot it becomes easier to build a home with the basic requirement you have in your mind. And the cherry on the top is, you can do it all within your budget.
If you are planning to expand your investment options with real estate projects, the safes and cost friendly option is a residential project. It doesn’t matter whether you are an experienced buyer or first time home buyer you can save a lot of money if you buy a home in the launch phase of a project. Check for the RERA registration and other legal documents mandated by the government about the project before buying a property in India.
If you’re looking for a plot or a home in Daman, Fortune Gardens is a residential plot project in Magarwada, where you can buy a plot for the most affordable price. Start exploring more real estate projects in Daman, Silvassa or Vapi with Fortune Dream-Con Pvt. Ltd..