Investing in the property at the pre-launch stage might be quite a lucrative option because this is priced between 20 and 30 per cent that is much less expensive in comparison to the ready to move properties. There are however some risks involved with the type of investment. The prelaunch phase is that time when the property has not been formally launched in the market. This is quite beneficial for the early investors. This is because the developers select the properties in the prime locations that has the potential for growth. This offers a exclusive rights of the investors till the property becomes popular. During this time, the developers offer exclusive pricing. They also offer incentives that are valid only for a certain period of time. This helps in creating a sense of urgency and also encourages early commitments from the investors. Investing in prelaunch commercial projects is a good option.

Things to Consider when Investing in the Prelaunch Properties in Gurgaon

When you are investing in the pre-launch properties in Gurgaon, there are certain important considerations. It is important that you do a proper due diligence for the track record of the developer. It is also essential to check the location of the project as well as chances of development in the future. Apart from this you need to check the infrastructure developments, the legal documents in the area and the per square feet price in comparison to the market rates. Other than this, you need to check the customization option, the potential for the value appreciation of the property and also the flexible payment plan. It is also important for you to ensure that you understand the risks that are associated with the property investment while it is still under construction.

Key Points to Consider

1. Reputation of the Developer

It is important that you research the past projects of the developer, their financial stability and the reputation for timely delivery so as to ensure that there are no risks involved in the investment.

2. Location Analysis

Check out its proximity to the key infrastructure that include the highways, the metro stations, the employment hubs as well as the future development plans in the particular area.

3. Comparison of the Prices

You should also compare the per square feet prices of the prelaunch properties with the rates that are prevailing in the market. This helps you understand the chances of capital appreciation of the property.

4. Legal Documentation

You should ensure that you review and verify the legal documents carefully before you purchase any property.

5. Options to Customize

This is another very important thing that you need to check when investing in a pre-launch property. You should check if the pre-launch phase allows you to customize the property based on the needs of the buyer.

6. Payment Plans

Make sure to understand the payment schedule better. This includes the amount of booking, the instalments as well as the down payments. You should also check if there are any flexible options available.

7. Facilities and Amenities

You should evaluate the proposed facilities as well as the amenities that are within the project. You should also check if they are relevant for your kind of lifestyle.

8. Infrastructure Development

Another important thing to consider is that you should consider the ongoing infrastructure projects. This includes the road widening, the metro expansions and others that can have a positive impact on the property.

9. Potential for Appreciation

You should analyse the market trends as well as the growth potential of the area so as to assess the possibility of the property value appreciation.

10. Risk Assessment

It is important for you to be aware of the risks that might be associated with the pre-launch properties. These include delays related to construction, market fluctuations as well as changes in the designs.

Conclusion

Investing in the new launch projects in Gurgaon do involve some kind of risks and you should invest in such properties only if you are able to take a certain amount of risk. Make sure to invest in properties that are RERA certified. This will minimize the chances of delayed property delivery. You can get in touch with Grrow Property Management who will help you to invest in a good property of a reputed developer.