With the growing economy in India, the residential real estate market in India is also expanding at a rapid rate. Increasing numbers of home investors, many of these first-time buyers, are entering the market and investing in their dream abodes. There are residential development projects in progress across the country, and buyers have a variety of choices available.
These projects range from apartment complexes and villa communities to plotted developments, presenting home buyers with an array of choices. While there are investors who prefer ready-to-move-in homes, there is a growing number of home investors choosing new launch properties. Given below are some advantages of buying a property at the new launch stage:
Lower Prices – Every real estate builder has several discounts and early-bird offers in the initial stages of the development of its projects. This means that home investors can purchase new launch homes at lower prices as compared to ready-to-move-in homes. This, in turn, means greater savings for the homebuyer and is an advantage of buying properties at the new launch stage.
Customization – Purchasing a new-launch home enables the home investor to incorporate any changes they desire in the abode. The homebuyer does not have to settle for the builder’s design and can personalize their home to their taste. The interiors of a new-launch home can be designed tastefully to reflect the home owner’s personal choices and likes.
High Return on Investment – Investing in a property in the new launch stage means that a home investor will spend a lower amount on the purchase. A property in an upcoming locality will always appreciate with time. Investing in a new launch will assure the buyer of a handsome return on investment upon completion of construction. This is especially relevant for those individuals who purchase property purely from an investment point of view.