{"id":3212,"date":"2011-09-20T03:35:34","date_gmt":"2011-09-19T22:05:34","guid":{"rendered":"http:\/\/www.bharatestates.com\/blog\/?p=3212"},"modified":"2020-06-15T04:59:17","modified_gmt":"2020-06-14T23:29:18","slug":"is-it-always-wise-to-invest-in-a-pre-launch-property","status":"publish","type":"post","link":"https:\/\/www.bharatestates.com\/blog\/is-it-always-wise-to-invest-in-a-pre-launch-property\/","title":{"rendered":"Is It Always Wise To Invest In A Pre Launch Property?"},"content":{"rendered":"

\"\"Buying a home has now become the status symbol among the upper middle class young population who earn handsomely to afford the properties at a young age. No matter how big pockets they get but it is natural to find the best deal for their hard earned money. It is easy to be taken away by the lucrative pre launch offers by builders as it gives them a 15 to 30 percent of discount on the property prices. Now the point is that is everything fine in buying a property in a pre launch state? Actually there are some potential risks associated with a property that is just on paper today. Let me help you to analyse yourself if you are going to put your heavy investment in one such property.One can buy Properties which can be basically of four types. One is pre launch property, under construction property, ready possession property and resale property<\/a>. A pre launch property is one which has no existence till now but is expected to be constructed in coming time. But the developer keeps ready the plan of the project on paper and some major details but not each and every tiny detail. Second is under construction property. If the construction is started but not completed then it is under construction phase. A ready possession property is complete and one can move in immediately. A resale property is a pre owned home that is on sale by owner. One can choose the type of property as per his or her requirements. Each one type has its advantages as well as disadvantages.A pre launch property can be bought if one is ready for two to three years to get possession as it takes that much time to shape up.\u00a0 It can be riskier to buy a home that does not have a foundation yet. There are some facts that need to be cleared before putting the decision into reality like clearance of land title, building FSI, complete layout of project, floor plans of buildings, the reputation of builder\/developer<\/a>, project completion date or possession time, banks or financial institution\u2019s approval for the project, etc. \u00a0A pre launch property is riskier than an under construction property because if the developer is a small builder then he may have fund crisis if a minimum number of units are not booked and thus it can delay the progress of the project or he may compromise the quality if he wants to minimise cost, he may alter lay out or specifications to control costs. A buyer must be careful and be prepared to spend further on rented accommodation as nobody can predict future. The location of the project along with chances of future prospects of the area must be given consideration before finalising the deal. The fascinating offer of below market price can sometimes prove expensive because of delays and the market can take any turn positive or negative during a period of two to three years.\u00a0 Builder\u2019s capability to complete the project does play an important role in successful completion of such projects. Even reputed builders sometimes couldn\u2019t complete the projects on time given several reasons here and there.However pre-launch properties have some positive aspects too. The fluctuation in the property prices is quite common in real estate sector. Therefore if you feel that are chances of appreciation in property rates then it is advisable to invest in pre-launch property. Some builders also offer attractive discounts on pre-launch projects to allure the buyers. Remember, you can take the risk of pre-launch offers only if there is some legal guarantee or the builder is reputed or else you can be a victim of some fraudulent act.It is strongly advised to do your home work before buying a pre launch property keeping in mind all the factors that affect the decision of buying such properties and choose a repute or big builder instead of small or unheard builder who may not have sufficient funds to start the construction and may postpone the project. In most suburbs that are said to be upcoming hot spots have more land title problems and thus it is important to know the status of land title clearance as these lands usually belong to the farmers of that area and things are not transparent it can create conflicts in future and the site can be declared as disputed land by the government and thus the final loser will be the buyer of the property who invested in that project. The tag of disputed land can lead to stay on buy or sell of homes in that project in future. Under construction properties can also be riskier than those which are almost complete or near completion.\u00a0 But they are better than pre launch. It is not always that a buyer is on loss while choosing a pre launch property but the risk factor is the highest in such cases even though all precautions are being taken.One can take a copy of the project papers and get them stamped by government authorities\/ municipal authorities to safeguard his\/her investment. The buyer gets the price advantage in such projects and if he has considered all factors then he may see advance booking profit when the project is complete. A buyer gets more time to pay rest of the amount slab wise while in a ready possession he needs to pay huge portion of the cost of property as down payment at the time of buying it. A legal person\u2019s help can be taken to check the pluses and minuses of the project as well as the approvals that are claimed by builder can be screened.Ruchi Mahajan<\/strong>\u0437\u0430\u0439\u043c \u043d\u0430 \u043a\u0430\u0440\u0442\u0443 \u0431\u0435\u0437 \u043e\u0442\u043a\u0430\u0437\u043e\u0432 \u043a\u0440\u0443\u0433\u043b\u043e\u0441\u0443\u0442\u043e\u0447\u043d\u043e<\/a>\u0432\u0437\u044f\u0442\u044c \u043a\u0440\u0435\u0434\u0438\u0442 \u043e\u043d\u043b\u0430\u0439\u043d<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Buying a home has now become the status symbol among the upper middle class young population who earn handsomely to afford the properties at a young age. No matter how big pockets they get but it is natural to find the best deal for their hard earned money. It is easy to be taken away […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[447,433],"tags":[],"class_list":["post-3212","post","type-post","status-publish","format-standard","hentry","category-realty-guide","category-tips"],"blocksy_meta":[],"yoast_head":"\nIs It Always Wise To Invest In A Pre Launch Property? -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bharatestates.com\/blog\/is-it-always-wise-to-invest-in-a-pre-launch-property\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is It Always Wise To Invest In A Pre Launch Property? -\" \/>\n<meta property=\"og:description\" content=\"Buying a home has now become the status symbol among the upper middle class young population who earn handsomely to afford the properties at a young age. 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