With the recovery of the possibilities of investing in property market, pre-launch projects will be giving a healthy market structure in the country scenario. While these are being considerably much inexpensive than the market current rates, they join with some capability risks which you, as a home buyer should be prepared for before you invest in a project that is yet not officially advertised in the market.
There is a chance of delay At the pre-launch of the project; most units lack certification and clearances. Absence of a single door approval process for property market in India makes it so tough for builders to commit on the timeline for getting approvals easily. At this time the process may be on its smooth phase, but it may also get stuck in such ways. In various cases, pre-launch units could face unusual delays. You need to be prepared for such situations and need not to depend completely on the property for urgent use.
Other outcome of shortage of approvals By the way its not happen regularly, but there could be worst result than delaying of these projects. In few times, lack of approvals and incapability to seize creates uncertainty in buyers mind. For precautions, you must take a brief research and go for such reputed builders who can offer other options also such as refund of your investment or different property in other units.
Some change in the distributed Units When these flats are at a very young phase of planning, maybe you cant receive the exactly product booked by you. There can be some changes in the structure of the unit, the Roof-top or the features offered.
Lacking of home loans is one of the major point If you are planning any investment in a pre-launch property, you must not depend upon the loans and must have to carry enough money to make payment of your booking. At the very first stage of pre -launch, most of banks do not sanction the housing loans. First you must notify yourself that you have enough funds to consider this investment in the project you liked
Its not wrong enough to invest in a prelaunch property for housing, but we need to understand that only one pre- careful property investment could make a successful home.
There is a chance of delay At the pre-launch of the project; most units lack certification and clearances. Absence of a single door approval process for property market in India makes it so tough for builders to commit on the timeline for getting approvals easily. At this time the process may be on its smooth phase, but it may also get stuck in such ways. In various cases, pre-launch units could face unusual delays. You need to be prepared for such situations and need not to depend completely on the property for urgent use.
Other outcome of shortage of approvals By the way its not happen regularly, but there could be worst result than delaying of these projects. In few times, lack of approvals and incapability to seize creates uncertainty in buyers mind. For precautions, you must take a brief research and go for such reputed builders who can offer other options also such as refund of your investment or different property in other units.
Some change in the distributed Units When these flats are at a very young phase of planning, maybe you cant receive the exactly product booked by you. There can be some changes in the structure of the unit, the Roof-top or the features offered.
Lacking of home loans is one of the major point If you are planning any investment in a pre-launch property, you must not depend upon the loans and must have to carry enough money to make payment of your booking. At the very first stage of pre -launch, most of banks do not sanction the housing loans. First you must notify yourself that you have enough funds to consider this investment in the project you liked
Its not wrong enough to invest in a prelaunch property for housing, but we need to understand that only one pre- careful property investment could make a successful home.
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