When you are planning to purchase property, your real estate investment strategies in Thrissur must prioritize aspects like location, builder, timing, and funds. Obviously, the best time to purchase is when the market is slow. But you may not always be in a position to wait for the market to go down to buy your home. In such a case, you need to look for pre-launch properties.
What are Pre-launch Properties?
As the name suggests, these are projects that haven’t even been launched officially; they are conceptualized, and builders accept bookings for individual units at this phase. Now you may wonder why anyone would want to book such a flat; well, the answer is that you can get the apartment at a much lower price as compared to a finished flat. Builders get ready funds, which help to finance the project, reducing their loan burden.
What Are The Future Opportunities For Development In Thrissur?
Before we delve into the world of pre-launch flats, let’s take a minute to understand why you should seriously consider Thrissur to settle down. It has been considered the cultural capital of Kerala, as it is steeped in culture, and is the home of art, music and dance indigenous to the state. It is also a major financial hub, and a centre for gold jewellery manufacturing.
Today, Thrissur is on the cusp of tremendous growth and development thanks to the emerging IT industry, growing at a rapid pace. This has created a huge demand for residential spaces, as entrepreneurs and employment seekers throng the city to make it their home.
Also read : What are the future opportunities for development in Thrissur
Why Buy Flats at the Pre-Launch Stage?
Lower Prices
Since you take on some risk by investing in a property at the pre-launch stage, the builder compensates for it by offering heavy discounts. You pay early, but have to wait for a while to get possession. The substantially lower price makes it a lucrative prospect for the buyer, especially if investment is the sole purpose.
Significant ROI
One of the benefits of real estate investment in Thrissur is that you can expect significant value appreciation. When you book an apartment at pre-launch, you get significant discounts. A completed flat commands a much higher price in any case; but if you wait a bit more, the value will appreciate even further, and you can make a handsome profit on your investment.
More Options and Customization
As the construction work has not yet commenced, you can mention your preferences with regard to the type of tiles, paints, layout and configuration; select the floor and which direction the flat faces, and so on. Being able to customize the appearance of your apartment is certainly a bonus.
Special Benefits
Developers lure early investors with a number of incentives and freebies that include minimal down payments, easy payment plans, longer repayment periods, interest waived on instalments, referral bonuses, free gym memberships, assured discounts on purchases in other projects, and so on, making the purchase of a pre-launch apartment even more attractive.
Less Competition
Don’t expect a rush of investors for pre-launch flats; which means you have all the time you need to make a decision. You can also give your feedback to the builder regarding the facilities provided, the design and layout, fittings and fixtures, materials used, and more.
Risk Mitigation and Market Dynamics
As for everything else, investing in a pre-launch flat has its own risks. You only need to:
- Understand Market Dynamics, follow the trends, do your research, and you will find the best areas, which offer the highest value appreciation possibilities.
- Do due diligence scrutinize the builder’s background, track record, and reputation, and consult a lawyer or broker to ensure that all legalities and documentation are in order.
Conclusion
Booking flats at the pre-launch phase has distinct advantages for builders and homeowners. The little risk that is associated with such booking can be easily overcome when you book flats from Varma Homes, one of the most trusted names in real estate in Kerala.
We have premium 2, 3, and 4 BHK flats in the most desirable residential localities in Thrissur. Our projects are RERA certified, and you can be sure to get the best customer service throughout from our executives.
Secure your dream home at unbeatable prices! Explore premium Flats in Thrissur during the pre-launch phase with Varma Homes. Enjoy early-bird discounts, customization options, and assured quality. Book now before the opportunity slips away.
FAQs
What are the benefits of buying flats in Thrissur during the pre-launch phase?
Buying during the pre-launch stage offers lower prices, flexible payment plans, customization options, and special incentives from developers, making it a smart investment opportunity.
Is it safe to invest in pre-launch flats in Thrissur?
Yes, it can be safe if you do proper due diligence, verify the builder’s reputation, check legal approvals, and consult real estate experts before booking.
Why is Thrissur a good location for real estate investment?
Thrissur is rapidly developing with emerging IT hubs and strong cultural and financial importance. The growing demand for housing ensures high potential for property value appreciation.
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