Buying a home is a major step up into a different social class, one that is characterized by respect and, well, responsibility. But, it is definitely worth it. However, as a home buyer, you must consider a number of factors before making the right decisions. The type of home you wish to invest in , the Budget, and the duration of the construction process are the two main factors that affect home buying.
In addition to careful planning, it’s important to ensure that your investment will yield the highest returns possible in the future. Here is when the benefits of newly launched residential projects are helpful. Newly launched projects are the ideal investment choice because of the plethora of benefits they offer.
Newly launched projects are those that real estate developers have recently launched in the real estate market for home buyers to make a purchase. In this blog, we will explore the various benefits of buying a home in newly launched residential projects listed by real estate developers.
The following points justify why it is always preferable to choose a newly launched project to buy a home:
During the initial launch phase, most builders will provide enticing pricing offers. Due to the intense competition in the real estate market, real estate developers will make every effort to attract buyers with early bird discounts.
Making the most of this chance to book a new home at the best price will benefit prospective homebuyers. Newly launched projects are a great option any day, whether you’re looking to invest in real estate or are just looking for a new home to live in.
The benefit of choosing newly launched properties is that you may choose the best from a variety of options. You can look for a flat that can have a view of a garden and be more affordable than other flats. Most buyers these days are also looking for luxury villas in Khandala.
You might choose a flat with a stunning view and that is close to the lift area. Additionally, you may decide on the number of bedrooms and the floor based on your convenience and budget range.
When you book a flat early in the launching phase, you may customize the interiors to suit your preferences and needs. At the basic stage of the construction, you might make little alterations.
Since it is difficult to make changes once construction is complete, you can plan them in the early stage by choosing wall paint colour and texture, furnishings placement, interior designs, and other layout ideas.
Blocking the price of the flat before property rates further increase is another benefit of buying a property that is still in the new-launch phase. Following the new-launch period, price rises for homes are rather common in the real estate market.
In light of this, you should prefer buying a home during the actual new-launch phase. Price hikes can happen for many reasons, including increased property demand, new infrastructural development nearby, rising labour and material prices, new laws, etc.
You may easily fulfill your desire for a new home due to the tax benefits of a home loan. Schemes, where you don’t have to pay an EMI till you get possession of newly launched projects, come as a big advantage. Additionally, you just have to pay the builders 20 to 25 percent of the cost when buying a pre-launch property.
Builders pay the interest on the loan until the property is transferred to you, encouraging them to complete the project quickly and creating a win-win situation for both buyers and builders.
We all know that as soon as a residential project is launched, the area quickly becomes urbanized. As a result, there are more points of interest accessible near the project due to which the price of homes keeps going up.
So, investing early allows you to book your home and enjoy higher returns than investing late when you would otherwise have to pay more for the same services.
Goodbrick Realty offers some of the best newly-launched projects for you. One of these premium projects is Vistara, an exclusive and super-spacious apartment with luxury flats in Gangapur Road, Nashik. The elite and roomy flats provide you with the best of everything that can make your life comfortable and smarter.
The project includes roof-top amenities like a children’s play area, a multipurpose court, a yoga lawn, a barbeque corner, senior citizens’ corner, a midnight lounge zone, and whatnot. Vistara is conveniently located in the heart of the city with schools, colleges, medical facilities, and supermarkets in close proximity.
Vistara by Goodbrick Realty has easy access to Mumbai-Nashik Highway. With all these benefits, it is definitely the best choice for your investment. At this time, newly launched projects from Goodbrick Realty are your best option if you’re trying to expand your real estate investment portfolio.
No matter if you are an experienced investor or a first-time home buyer, buying property during the new-launch phase will allow you to make a wise investment and save a lot of money. To prevent unforeseen financial and legal issues, you should always choose a reputable developer like Goodbrick Realty with a proven background in the real estate industry. Before buying a home, look for the RERA registration number and other legal paperwork required by the government.
Hope this blog has helped you in understanding the numerous benefits of investing in a newly launched real estate project. Newly launched projects are the most profitable for real estate investors and home buyers to get larger returns and faster appreciations.