25 October, 2023
4 mins read
Those who have searched for properties will certainly have heard the term pre-launch. As soon as a building project is announced, it is called a pre-launch. The pre-launch stage of the property is an excellent opportunity for homebuyers. At this stage, the properties are more affordable and also pack several offers that significantly add to first-time home buyer benefits.
Here is more about it.
'Expression of Interest' is a disguised form of 'Pre-launch’. It is a new trend among property developers where they launch their projects and sell homes more like an IPO style. If a homebuyer wants to participate in the 'Expression of Interest,' here is what he or she should expect.>
Flats and apartments are offered at exciting prices during the initial phases of newly launched projects. There is a significant difference between the prices marketed by builders during this pre-construction phase and the prices offered during the ongoing construction phase. If someone is looking to purchase a home should do market research to find out the price difference and offer.
Booking a home during the launch phase can block the price before the rates rise to the open market levels. That is why homebuyers prefer Pre-booking and owning a house in newly launched properties. It has become a preferred choice after RERA certification.
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05 June, 2023