Advantages of Buying a Home During its Launch Phase - National

Advantages of Buying a Home During its Launch Phase

April 8, 2024

Confused about whether you should consider buying apartments as an investment? Talk to any real estate agent in the city and they will without doubt advise you to invest in land or luxury apartments, for long-term gains. Then comes the next question- when is the right time to make a purchase? Is it during the launch phase, when the building is nearing completion or after the residential association is formed and takes over?

According to real estate experts, the best time to buy apartments in Kochi is during the launch phase itself. Even if you feel that the risk factors are higher in this case, here are a few reasons why it may be worth making an investment this early:

Better Rates:

  • One of the reasons why builders often promote upcoming projects is to try and sell their flats as early as possible.
  • The selling price of a flat varies from the pre-construction stage to the completed stage and research shows that maximum discounts and price bundling offers are given during the launch phase.

Better Options:

  • The early bird gets the worm and when buyers decide to make a purchase during the launch phase itself, they get unlimited access to the units with the best view and the option to choose a flat on a floor that is most convenient for them.
  • For example, seniors may prefer to choose a lower floor level that can be easily accessed by the staircase too.

Better Customisations

  • Many builders give flat owners who buy apartments further discounts on the interiors, furnishings, sanitaryware etc that are supplied.
  • They may even customise the flat further for apartment owners who invest early in their property.

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