As a real estate investor, you might be thinking of purchasing pre launch projects in Bangalore 2024. This is one of the fastest-developing metro cities in India. Known as the country’s Silicon Valley, the real estate market in Bangalore looks promising for investors. Reputed developers have come up with new residential projects in different parts of the city. In this guide, you will get to know the advantages of investing in a pre-launch residential property in Bangalore.
What is a pre-launch property?
A pre-launch property refers to a project that the developers have announced before officially launching it. This phase is different from residential projects under construction where developers are already working on the development process.
When you invest in a pre-launch residential property in a city like Bangalore, you enjoy several advantages. Being the early bird, it’s logical to book your property at lower prices. Also, one can choose from the best units and capitalize on price appreciation. Other advantages include flexibility in payment plans and customization of apartments. However, it’s crucial to research the reputation of the builder and the location to make a lucrative investment.
Why purchase a pre-launch project in Bangalore?
Have a look at the prime advantages of channelling your funds into a pre-launch project in Bangalore.
Higher ROI
On average, the price of apartments in a pre-launch project is lower than the ones for ready-to-move properties by 25% to 30%. This is where you can gain in terms of price appreciation. The property price rises while the developer constructs the property. Eventually, you can sell it off at a decent return post-launch. Even if you don’t sell off the property, you can benefit in terms of the low investment amount required. At a time when property prices are quickly escalating, why not take advantage of lower prices and maximize your returns?
Discounts and promotions
Often, pre-launch properties come with promotional deals and special discounts. Compared to under-construction projects or ready-to-move apartments, these prices remain lower. Developers use the amount that you pay for booking these properties in the construction process. Thus, they are less reliant on banks for loans and save significantly on the interest they would otherwise be shelling out. As a sign of gratitude, they provide these special offers and discounts to early investors. This explains why investing in such projects turns out to be a profitable deal for owners.
Selecting the desired flats
One of the prime perks of investing in a pre-launch residential project is that you get the liberty to choose the desired unit from the available configurations. Whether you want your apartment on a particular floor, a specific direction, or a special layout that matches your lifestyle, you get the opportunity to personalize your choice. As a result, you can align your investment perfectly with your future plans and goals.
Customizing residential units
Investing early in a project, you can get your living spaces customized as per your preferences. That’s the reason investors prefer collaborating with developers during the construction period. With new residential projects in Bangalore, you can enhance the quality of your lifestyle and the overall value of the property in the long term. For instance, you can integrate specific features into the property, modify the interiors, or want the interior designer to make any structural changes in your flat. This takes you closer to purchasing your dream apartment.
Faster price appreciation
Once these projects are officially launched and the construction process commences, they undergo a rapid price appreciation. Homeowners show increased interest in the project as it takes shape. Also, most of these pre-launch projects in Bangalore offer a wide plethora of amenities. This enhances the perceived value of the project, which makes them a compelling choice for investors. Therefore, investing in these projects before the commencement of the construction phase turns out to be a profitable deal for investors.
If you are planning to purchase a residential property in Bangalore, investing in the pre-launch phase will be a great move.
Comments