Real estate in Mumbai is flourishing with a rise in the number of projects and developments. With a wide range of payment options available in the market, the number of buyers have also increased.
Millions of individuals still have the dream of owning a flat in Mumbai. Some desire to buy 1 or 2 BHK flats, while some invest in extravagant apartments. Many even need to sell their current house in order to purchase a new one at a higher price, and some incur debt for up to 20 years in order to make the EMI payments. Some individuals spend all of their savings on a down payment for a new property.
Pre-launch, soft launch, and new launch are a few real estate buzzwords that entice potential homebuyers. Investors, in addition to end consumers, show interest in initiatives for fresh launches. The sole justification is that purchasing a property during the pre-launch or new launch phase will make it accessible at the opening price, which is comparably less expensive than when the project is partially finished or ready for occupancy.
Purchasing in the early stages of a project always gives purchasers a financial advantage and the chance to secure the flats of their choice; in high-rise buildings, the breath-taking vistas are an added benefit. One can find many ready to move projects in Goregaon west area of Mumbai.
- Paying less than market price
Buying a brand-new home has the benefit of allowing you to lock in a low price before interest rates jump. Price hikes for homes beyond the new-launch phase are very common in the real estate market. As a result, investors choose investing in real estate when it is still in the pre-launch phase. Price rises can occur for a number of reasons, such as increasing demand for real estate, new infrastructure construction in the area, rising labour and raw material prices, altered regulations, and so forth. Selecting a newly launched project will enable you to save a sizable sum of money for further requirements in the future. If you want to gain profit, you can even consider selling the property at a higher price once it is ready to move into.
- Progressive payment plans
Although a progressive payment plan may at first appear intimidating, it could be the right choice for you. With this strategy, you may save money more frequently and make the payment strategically. In other words, you are not required to come up with 80% of the house’s cost all at once. Instead, you generate upto 25% every time a phase of the project is completed. With this, you can be confident that payments are being made on time and that you won’t have any trouble making the needed contribution once the house is finished.
- Better Facilities
There is no denying that compared to a resale, a freshly launched project offers you the newest features, amenities, and architectural style. There is a good chance that the infrastructure, apartment complex architecture, interior design, and outdoor amenities will all be more modern. Consider how much less probable it is that a resale condo would have the luxury of a smart home than a brand-new one. When construction is complete, you are met by a luxury residence that you can actually experience. Newly released units feel brand new to the touch.
Laxmi Raajvilas is one such project that focuses majorly on giving the buyers a taste of elite lifestyle offering plush amenities.
- Wider range of options
You will get a wide range of options to choose from in newly launched projects. You can opt for the unit that is most appealing to you, or possibly the one that will help you reach your ideal clientele. You may talk about this with your real estate agent and let them know your needs and preferences. You are free to visit the show flats on your own as well, but using a property agent will make the process less stressful because they will walk you through it rather than requiring you to figure everything out on your own.