The project pre-launch stage in the real estate sector refers to the beginning of a residential project’s pre-formation stage. A pre-launch stage of a residential apartment begins when the builder announces their new project & starts marketing them.
Prestige Group is coming up with its new-launch residential apartment project in Whitefield, Bangalore. The pre-launch stage is the perfect time to book an apartment since it provides a good return on investment.
The key benefit of selecting a newly launched property is its cost-efficacy. We all know that the new-launch price of any residential apartment is usually low-priced to magnetize more purchasers. Some more benefits of new launch projects are:
Enjoy first-come-first-serve discount – To attract home purchasers, most builders offer attractive discounts on new-launch properties in the course of the early stage of the project.
The prices of new launch projects are significantly lower in comparison to projects that are under ongoing construction or ready-to-move stage.
So, home purchasers can catch the opportunity to book an apartment for the minimum conceivable price.
The purchaser is also completely safe when purchasing new launch projects from reputed builders, like Prestige Group, ensuring the implementation of RERA. Thus, if you are searching for an affordable luxury apartment, a new-launch project will be the best pick.
Price Drops
New-launch property rates are reasonable & considerably cheaper than fully constructed or ready-to-move property rates, which is seen as the main advantage of spending on one.
After the new-launch stage, the price rises due to a range of variables, such as an increase in property demand, the new expansion of infrastructure in the location, rising raw material costs, labor costs, revised legislation, and many more. Hence, it is better to book the apartment in the project before the cost rises.
Accompanying features – For purchasing an apartment, most buyers prefer garden-facing, sun-facing, easy accessibility from common areas, the picturesque view from home, and so on.
Home purchasers may get more possibilities to choose the desired apartment in its new launch stage at an affordable cost. Sometimes, they might also get a chance to suggest structural changes from the builder during its new-launch stage.
A beneficial investment – Buying a new-launch property delivers you the supreme benefit of offering you the opportunity to book an apartment before the prices rise steeply.
Undoubtedly, investing in property in its new launch stage safeguards your investment before the price increases.
Purchasing a new launch property is a perfect investment because it will get a worthy deal at minimal prices. However, after the infrastructural development in the location, you will be able to resell the property getting higher returns.
Apart from the benefits discussed above, buyers should also look into some key factors before buying new-launch property.
Firstly, make sure you choose an apartment from a trustworthy real estate firm like Prestige Group only to stay away from any unneeded legal or financial concerns.
Prestige Group is newly launching a residential apartment project in Whitefield – Prestige Park Grove.
Secondly, pick a perfect location, as real estate prices in locations where infrastructure edifice is upcoming are expected to increase. Whitefield is already one of the prime locations in Bangalore.
Prestige Group has shown its innovations in various prime locations in Bangalore, Chennai, Kochi, Hyderabad, and Mysore. Plan a visit and stroll through the wide range of residential apartments offered by Prestige Park Grove.
