One of the most important aspects of your real estate investment strategies in Trivandrum should be the timing of your investment. When should you buy property? Unless you urgently need to purchase, the logical thing to do is to wait till the price is at its lowest. This means you either wait for a slow market, or seek pre-launch properties.
What are Pre-launch Properties?
Pre-launch properties are those projects the developers announce before they start construction. They open bookings for flats or villas at this stage, offering lower prices. As for builders, they get funds immediately, reducing the need for huge loans to kick off their projects.
5 Benefits Of Investing In Flats in Trivandrum at the Pre-Launch Stage
Lower Prices
As the construction has not yet begun, builders offer these flats at a handsome discount. It could be several months or even a couple of years (depending on several factors) before the investor gets possession of the finished apartment. Getting the property at a much reduced cost is an attractive prospect to any investor.
Substantial ROI
There is no doubt that the future of real estate in Trivandrum is very bright. You can be assured of excellent value appreciation of your property. This means that once you get possession of your flat, its market value is likely to be many times what you paid for it at purchase. Should you decide to sell the flat, you can make a huge profit.
Greater Choice and Customization
Buying a flat during the pre-launch phase allows you to choose from a wide range of options. The floor, configuration, directionality, and anything else you are particular about. Those who purchase apartments at this stage usually also have the choice to customize their flat to a good extent, like choosing what tiles you want, the design of the kitchen, paint colours, fixtures, fittings, and more.
Financial and Other Incentives
To lure investors to purchase at the pre-launch phase, builders offer a host of incentives: flexible and delayed payment plans, lower down payments, instalments without interest, longer terms, referral bonuses, discounts on future purchases, and similar. They may also offer free memberships to clubhouses, or some premium features, subscriptions, and the like, making the idea of booking a flat at the pre-launch stage very lucrative.
Less Stress, More Power
The number of people investing in pre-launch phase apartments are far fewer than those purchasing ready-to-occupy or under-construction flats. This means that you don’t need to rush into a decision, and can take your time to analyse and study the market, builder, and other factors. You also have the power to influence the builder by providing feedback about the amenities, materials, fixtures, and other aspects of the construction.
Mitigating Risk Associated with Pre-Launch Flats
Investing in flats at this stage does carry some risk. You can overcome them, however, by:
Understanding Market Dynamics
Follow the market trends, do some research and understand how the real estate market and its dynamics work. It will help you select the best locations where real estate prices are likely to appreciate. This can help you to get the best returns on your investment.
Doing Due Diligence
This simply means getting information on the builder, checking their past track record, getting feedback from previous customers, and checking their other projects physically. You can also verify that all legal formalities have been adhered to, like the appropriate zone, the requisite documents, permits, NOCs, and so on. Verify that the financial status of the builder is good.
Also read: 5 Benefits of Investing in Flats in Trivandrum
Conclusion
Buying a flat at the pre-launch phase can get you a number of strategic benefits, cost reduction, and the potential to make substantial profits on resale. As in any transaction, there are minor risks involved, which you can easily avoid by choosing to invest with a reputed builder like Varma Homes.
All our projects are RERA certified, meaning that we maintain strict compliance with all the necessary rules and regulations. Our beautiful 2,3, and 4 BHK flats are located in the most desirable residential locations of Trivandrum, giving you peace of mind and the potential for superb returns on your investment.
Looking for the smartest way to invest in flats in Trivandrum? Explore our RERA-approved pre-launch projects and enjoy early-bird pricing, top-tier locations, and customisation options.
FAQs
Are pre-launch flats in Trivandrum safe to invest in?
Yes, pre-launch flats can be a safe and profitable investment provided you choose a reputed builder with a strong track record and RERA-registered projects. Always do your due diligence, check legal clearances, and verify the builder’s financial stability before booking.
Why are pre-launch flats in Trivandrum offered at lower prices?
Builders offer significant discounts during the pre-launch phase to raise initial capital for construction without relying entirely on loans. This early funding allows them to start the project, and in return, investors benefit from lower-than-market prices and other incentives.
Can I customize my flat if I buy during the pre-launch stage?
Absolutely. Buying at the pre-launch stage often gives you the freedom to choose layouts, finishes, and interior elements like tiles, paint colors, and fittings customizations that are usually limited or unavailable in ready-to-move-in units.
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