Know your Advantages in Investing in Pre Launch Projects in Bangalore

Pre launch in Real EstateSometimes
builders would have drawn a plan for a project but wouldn't have yet got any
approvals from the regulatory authorities and at this stage the builders
announce their project to their potential buyers. This is called Pre-launching
of a project. This is usually done by the builder to receive funds for the
construction without heavily depending on market loans or other financial aid
once they receive the approvals from the authorities. Once the buyer starts
booking their slots the builder already has cash in hand to start the
construction.How does one know about pre
launching of a project?The
talk of Pre-launching of a project takes place in the fraternity usually by
word of mouth, an email or even by ads that say something like “Pre launch
offer at Limited time” . This is how the developer informs the investors,
brokers and others about the availability of properties in a particular
project.Types of projects available for
pre launch bookingThe
projects include both commercial and residential projects. The properties also include
luxury, ready possession, affordable, soft launch, villas, under construction
sites, apartments, penthouses, plots and many more. Advantages of pre launching a
projectThe
advantage of booking pre launch projects in Bengaluru is that the property rate
would approximately be 10% to 40% lower than that of post launch projects.
There is also an advantage of dealing with the original buyers without any
middleman stepping in.What is the reason behind the
discounted rate?Through
the pre launch project booking the builder will be able to raise interest-free
capital, therefore the builders will be able to pass on the pre launch booking
benefits to their pre launch investors. This benefits the buyer by gaining
attractive discounts.Be an early birdAs
the saying goes as early birds catch the worm, it is important to know that the
best slots are booked faster.Resale for profitSince
the property you booked is at a discounted rate, there is always a scope for
resale of the property for profit after the completion of the project.What care should be taken in
booking a pre launch project?It
is always necessary to check the credibility of the builder. It is required to
check their track record in their business. This helps you to easily understand
if you can trust the builder. All the legal documents should be verified
thoroughly to avoid any dispute in the later stage.While booking for pre launch projects in Bangalore
it is recommended to be very careful. We all know that when there is something
good, some people always try to take advantage for their own benefit. To avoid
such untowardly incidents to occur it is recommended to deal with the best property dealers in Bangalore such as
Keerthi Builders. They are more than a decade old and their projects in and
around Mysore Road speak of their credibility. They help you choose a property
as per your requirements.