Why Home buyers prefer newly launched property

According to the latest survey, over 18 percent of respondents prefer newly launched properties. Implementation of new real estate law that is RERA and lower GST rates have helped revive consumer faith in newly launched properties. Initially, buyers preferred to stay away from newly launched projects because of the risk associated with it. Developers start claiming bankruptcy, delay the on-going projects or even carry out unscrupulous activities.
One of the major reason that is driving sales for newly launched projects is the increasing demand for affordable and low-cost housing. Finally, the rapid decline in sales of residential properties has come to halt. Over the past few years, developers are mainly focusing on affordable and mid-range housing segments.
Few reasons why investing in newly launched property is a good idea
You get to customize your home
When you go to buy a new launch property, the biggest advantage one can get is they can customize their home the way they want. You have the liberty to decide upon the configurations of rooms according to your convenience. Since the development is not completed, you can suggest them with your preference for the wall paints, home decor ideas, patterns for flooring, furniture provisions, etc. It is always better to do the minor changes in the initial phase of development that is in the pre-launch phase. Once you move to your apartment, it is difficult to do any kind of alterations.
Early Bird Discounts
One of the greatest preferences of putting resources into newly launched projects is the wide scope of early bird discounts you can get profit from. Real Estate projects are usually completed in stages. Prior to the beginning of development, property developers begin advertising the project with good discounts for the purchaser. At least 10-15 percent discount is offered at the initial stage. Here and there this can go up to 20 percent for those projects that are still at the structural stage. In many cases, home purchasers can set aside to 30 percent of the all-out expense of the property. Moreover, the need of the property rises at the development stage itself. This naturally results in an increase in property rates.
Different options available within your budget
You get to explore various options when you consider investing in a newly launched project. You can make a wise decision by taking into consideration many many factors such as your budget, preferred location, all the amenities provided in the property. Nowadays, real estate investors are spoilt with various options with plenty of property alternatives spread over all the metropolitan cities. You also get a chance to choose between a penthouse with breathtaking views or an apartment which is facing south or east according to your preferred directions.
This way your available options get doubled where you can also choose the floor as well as the number of bedrooms you want as per your requirements.
To conclude, if you are planning to invest in real estate in near future to enjoy high returns or to actually live your dream of buying a property according to all your preferences, then opting for a newly launched project will be your smartest decision ever.
Posted on 31st May, 2019
|Tags : flats in Khar west, flats in Thane, flats in Kalyan, newly launched properties
|Comments : 2 Comments
-
03.03.2022
Why Buying Residential Properties in Thane is The Safest Future Real Estate Investment Bet?
Read More -
18.02.2022
A Detailed Guide For NRIs Who Want To Invest In Under Construction Projects In Thane
Read More -
05.02.2022
Here's Why Buying Luxurious Flats In Thane Will Remain a Safe Investment Choice Despite COVID-19 Scare
Read More -
21.01.2022
What is RERA & Why is it Important To Opt for RERA Registered Upcoming Residential Projects in Thane?
Read More -
31.12.2021
Extra Expenses That One Must Consider When Planning To Invest In 2 BHK Flats In Thane
Read More -
11.12.2021
Why Are Under Construction Projects In Thane Your Best Choice Of Property To Buy At This Point?
Read More -
26.11.2021
Home Loan Rates At Their Lowest - Why This Is The Perfect Time To Buy A Property In Thane?
Read More -
26.11.2021
Advantages of Investing In New Residential Projects in Thane While They are Still in their `New Launch` Phase
Read More -
12.11.2021
5 Things To Look For In a Flat When Buying Residential Property in Thane in the Post COVID Era
Read More -
29.11.2021
Secrets That First Time Home Buyers Need To Know When Investing In Properties In Thane
Read More -
22.10.2021
Top 15 Key Terms From Today's Housing Market To Understand The Trends When Planning To Buy Flats In Thane
Read More -
16.10.2021
With Rental Rates On The Rise, Is It The Time To Invest in New Residential Projects in Thane?
Read More -
01.10.2021
7 Things That You Can Do To Be A Proud Owner Of A Residential Property In Thane
Read More -
24.09.2021
How Much Does It Cost To Buy A 1 BHK Flat In Thane? What Are The Hidden Charges?
Read More -
03.09.2021
Important Factors To Decide The Best Area To Buy A Residential Property In Thane
Read More -
20.08.2021
Coronavirus Unlock: Is Now A Good Time To Invest In Residential Flats In Thane?
Read More -
13.08.2021
Hacks To Make Your Personality Reflect In Your Residential Flats In Thane To Present Your Unique Self
Read More -
30.07.2021
What happens to a residential property in Thane whose owner passes away without a will?
Read More -
26.07.2021
Top 10 Tips to assist you with the decision of what floor to buy a Residential Property in Thane Ghodbunder Road
Read More -
11.06.2021
Real Estate Investors View Residential Projects In Thane As Big Opportunities Post-Covid
Read More -
16.04.2021
Experience The Symphony Of A Readymade Life By Investing In A Ready To Move Flat In Thane
Read More -
09.04.2021
Prices of Affordable Housing Properties in Thane Expected To Shoot Up-Post Lockdown Impacts
Read More -
20.03.2021
Things You Must Check-Off On Your Checklist While Looking For Flats For Sale In Thane Near Station
Read More -
05.03.2021
Looking To Buy A Flat In Pokhran Road On Single Income - This Is How You Do It!
Read More -
10.04.2020
How Investing In A Residential Property In Thane Can Put An End To Your Commuting Woes.
Read More -
14.12.2019
How Hard Is It To Find the Right Balance Between Luxury & Affordable Flats in Thane
Read More -
22.10.2019
The Essential Checklist To Consider Before Investing in Any New Building Projects in Thane.
Read More