Hi, again property lovers!
Today we’ll be discussing, how it’s profitable to buy a pre-launched property?

To get things simple, a pre-launch property is when a project plan is drawn out but has no approvals from the regulatory at that point in time. This is when the builders gather funds from the booking fees (A fee to book the property) to actually start the construction of the project planned.

Now that you know what a pre-launched is property, let’s move on to the question of whether it’s profitable or not and how?

One of the major and basic benefits is that the pre-launch rates of a property are lower than the post-launch rates. Buying a property at a reduced rate is already a lot of profit, to begin with. You could also opt to sell the bought property at the current market rate which could fill your pocket with an even more profit.

With booking a pre-launched property, you also get the liberty to choose a unit of your preferences with more choices unlike under-constructed (few choices), and ready to move in (fewer to no choice).

Pre-launched projects tend to get completed quickly as the capital is already collected from the units sold in the pre-launch phase alleviating the chances of ultimately earning profit for the property owner.

To conclude these are the major reasons for how investing in a pre-launched property can be profitable for you, but along with this, you have to keep in mind the potential and the trustworthiness of the project to earn a profit from pre-launched properties.

Till then, see you next time fellow property lovers!