The demand of the Indians has made it possible to see huge buildings in the nooks and corners of every town, and the home loans too, have their share in this. The middle class people are attracted to these, and, their dreams of, owning a home, which has all amenities like swimming pool, fun area and a gym, is possible because of these. These properties do not demand immediate payment, and thankfully they are located in almost all the areas, which are either automotive hubs or the software valleys, which have become the popular professional niches of India.
What is a prelaunch property?
The cost of any property is very low during the prelaunch. The builders when receive interest for their properties, try to safeguard the financial interest of the buyers. Prelaunch property is something when the property is still on the minds and the papers, and has not received the complete shape yet. There are both pros and cons in investing in prelaunch property in Bangalore. Valmark City ville is one among all these property offering priceless and exclusive property along with all the above mentioned amenities. Consider this a double edged sword, and be cautious if you are going to invest in the same. The prelaunches are categorized into soft launch and the prelaunch.
Things to know:
- When builders want to increase the cash flow even before the approval is given for the project, then it is called the soft launch. The owners can sell the project sooner it is launched, and can make money faster. This can sound amazing, as you can make quick buck, which cannot be too much, but still considerable.
- The delay in the approval of the project can happen, which is a great hassle for the buyers. This can be a deliberate delay or can be bemuse of any legal problems. Regardless of any, the buyers are the affected.
- Any builder would ask for a time period of 6 to 12 months for any delays caused. If the builder delays because the cash inflow is required, or to ensure that all the properties are sold, all the current buyers can be affected.
When choosing the prelaunch, always go for the builders who have concerns on the reputation and the customer relationship. One, who has none, would never mind delaying the project. Always check for the legal titles, though the builder would have done the same already.