Top 5 Benefits of Buying New Launch Property

An experienced real estate investor always prefers buying a new launch property. Because buying a new launch property is not only a great investment opportunity but gives you the special benefits that can’t be availed otherwise.

The newly launched properties can be recently completed or under-construction projects. Newly launched properties are known for their attractive discounts, great ROIs, and flexibility they offer to the property buyers. Also, with newly latched properties you can personalize the home design to some extent.

So, in this article, you will get the top 5 benefits of buying Newly Launched Properties.

1. Discounts And Offers

Buying a new launch property gives you the best possible rate. This is because developers offer exciting discounts and offer to attract property buyers. Besides, discounts developers also give special offers to the property buyers. Some of the popular offers given by the developers are:

• Payment flexibility. Developers offer No equated EMIs facility to the buyers till possession.
• Discount in the range of 5-10% for the total cost of the property. Can be higher in some cases.
• Low booking charges. Developers can ask for 10% booking charges and remaining at the time of possession.
• Developers also offer free amenities and parking facilities if you buy new launch property.
• Developers are ready to give a high discount percentage to the buyers who are ready to give more upfront amounts.

On the other hand, buying a property after the new launch period does not offer such discounts and offers. Moreover, the buyer has to bear the sudden financial strain.

Therefore, buying property in the new launch period allows the buyer to avail the best discounts and offers.

2. Property Price Appreciation:

Buying property in a new launch period is a great investment opportunity. Since you get the property at the lowest price, you get the benefit once the property price appreciates. The property price appreciation depends on several important real estate factors. These factors include growth of the locality, upcoming infrastructure projects, connectivity, economic development, social infrastructure development, etc.

If all these factors are in favour you can get higher property price appreciation for the next few years. This property price appreciation gives better returns in two ways. You can re-sale the property and get high returns. Also, you can rent out the property and get continuous cash flow.

3. Customization:

Buying property in the new launch period allows you to make the changes as per your requirement. These customizations are not possible when you are buying a resale property.

So, while buying a new launch property, you can do interior charges or some minor layout changes. It allows you to create a customized design from your home according to your requirements.

By exploring the various options for customizations, you can create a more efficient home design that gives comfort to you and your family.

4. Flexible Payment Plan:

Buying a new launch property gives you the benefit of flexible payments. The property buyers don’t have to pay the EMI till they get possession of the property. This gives great relaxation to the home buyers. Along with this, there are also some tax benefits to the first-time property buyers under which they can get the concession up to 1.5Lakh on the principal home loan amount.

Besides, the developer also gives payment flexibility options from their side. Some developers are even paying the stamp duty and registration charges on behalf of the property buyers.

5. Extra Features:

Buying property in the new launch period allows you to select the best location of your flat/apartment in the respective real estate property. This could be an apartment with a sea view, more space, etc. Moreover, you will also get concessions on the main amenities such as Workout areas, Gym, Club Membership, Swimming Pool, Kids Play area, etc.

Summing Up:

Buying a new launch property saves a significant amount of money. It also simplifies the entire property buying process. Discounts and offers from the builders, Property Price Appreciation, Customization, Flexible Payment Plan are some of the main advantages you get for buying a new launch property.