Mumbai: Pre-launch home projects are an emerging phenomenon in the real estate segment. A pre-launch home is the best way to achieve your dream home within a premium housing complex. Pre-launch homes are usually sold before the actual construction and are well-marketed. Most builders like Shravan Gupta, MGF Group use this platform to attract new buyers. It is a wise idea to invest in a pre-launch home if a person is looking for a customized home with added amenities.
In a pre-launch project, homes are sold in the nascent stage. Most builders are very happy to sell flats at this stage due to several reasons like availability of capital, Easy clearance and quick completion. Most premium and luxury projects are sold through this scheme. Real estate experts feel the best reason to buy an apartment in pre-launch homes outweighs its cons. However, it is vital to know the pros and cons before choosing an apartment in a pre-launch home.
The first thing which comes to mind when one is looking for a new apartment is the cost factor. A pre-launch homes are usually sold at a lower price than completed ones. The builders tend to attach several attractive schemes along with such flats. Shravan Gupta, MGF Group believes such schemes are usually reserved for the first few customers. Hence, it makes sense to buy an apartment in pre-launch projects to avail maximum benefits. Some experts feel it is an ideal form of investment for a first-time buyer or investor.
The second thing is personalization. Everyone has some plans for their dream homes and certain ideas. It is easy to incorporate such ideas in a pre-launch project. Builders offer you the choice of customization like extra flooring, extra self, a big balcony or a dedicated worship area. This can be added only during the construction stage with ease without any damage to the structure. It has the potential to be the most appealing feature for a first-time buyer.
A pre-launch project has its own advantages as well as disadvantages. But the advantages outweigh the disadvantages. The housing prices are always on the rise and will continue to rise.
It is easy to sell a home at a higher value once the project is complete. Experts like Shravan Gupta, feel it is better to approach a well-known developer for a pre-launch project. And if possible visit the site personally to know about the area. The ultimate decision lies with the buyer hence it makes sense to know the pros and make a decision.