When we talk about the launch phase in a real estate sector, then we are referring to the launch of the pre-construction phase of a big residential project. You will find that some developers of big affordable flats & apartments in Faridabad may launch a project when a specific percentage of it is ready. At this time, the property developers provide you with important information regarding the proposed site plan, payment plan, project details, discount on booking, completion date, location, et cetera. During the launch phase of affordable flat in Faridabad, you will find that the developer runs a promotional blitz across digital, social, and other traditional platforms. This is done to attract the customers so that they come in droves to own a property in their newly launched residential project. In this phase, you will find that several developers also offer discounts on the first few apartments to be sold to encourage faster booking. You will get several benefits if you buy a property in the launch phase some of which are given here for your reference.
When you buy an apartment during the launch phase, then a lot of time you can get an attractive discount offered by the developers. This discount is offered to attract the attention of potential homebuyers who can book a house at a very small offer price. Experts believe that if you book an apartment in the launch phase itself, then you can sometimes save a big amount of money, which is bound to rise when the entire project is completed due to inflation.
You can pick the best apartment
Homebuyers have several considerations before they finally take a house these could include which side the apartment is facing, does proper sunlight enters it, a good view from the balcony, garden facing et cetera. If you are buying a property in the launch phase itself, then you can choose the property that fulfills your specifications. Furthermore, if you want to make any design changes, then you can do it at this stage and don’t pay extra for any reconstruction cost.
Avoid price hike
When the project is going on, then sometimes some external factors can lead to an increase in the price of the property which includes some new civic infrastructure being built nearby, a rise in the price of labour, raw material, or even some new regulation. However, once you buy the apartment at the launch stage itself, then you will not have to pay for any increase in the property prices.
These are just some of the benefits you would get if you buy a property in the launch stage itself.