One of the effective and powerful ways for acquiring initial capital or the interest-free ones, is marketing prelaunch properties. So developer/builder starts the promotion of the properties that have not been launched yet. It is usually done through mails or can also be done orally. As you may have heard that one of the chief reasons for investing in pre-launch properties is because investors like you can make the most out of the discounted rates. Booking can feel to be risky however the problems can be overcome if you choose renowned and reputed developers.
Buying pre launch projects in Mumbai from establish builders can make you feel a lot more secured. It is indeed one of the wisest decisions once you have a full idea about both the cons and prose of pre launch properties. In the trends, that are followed today, you shall come across that realtors/builders start to market the projects at quite early stages even when they haven’t received approval of authorities. Only reason to do so is to raise cash-flows for instigating project construction.
You may be reeling under pressure as to whether the projects shall be completed successfully or not. However, there is no reason you should because pre launch projects in Mumbai are one of the most powerful approaches in analyzing interest of investors as well as home buyers.
Once when you have invested in the pre launch projects in Mumbai, you as a buyer can even sell it to another buyer. There may be risks involved but it is all about acting wise and thinking twice. The reputed builders always initiate constructions of structures when they have obtained commencement certificate, better known as CC as well as IOD that stands for disapproval intimation. When even after a year if the project is not complete reputable realtors always reissue the IOD because the validity for it is only a year.
You can however, inspect the documents of the property, personally. This should be done so that you get housing loans from banks when the project is approved. There are many amenities that you are going to enjoy besides the discounts for prelaunch.