4 Factors to Consider when Investing in an Pre-launch Property in Airoli

1. 4 Factors to Consider when Investing in an Pre-launch Property in Airoli Investment in a pre-launch project can be quite risky but if you are choosing a reliable developer, then such investments can be profitable for the investors as well as the end users. Investors with an appetite for risk are the ones who opt for pre-launch dealsbecausethey can afford to wait until the property is fully con- structed. So what exactly is a pre-launch project? Pre-launch is basically a situation in which a property developer informs an inner circle of investors and brokers of the availability of units in a residential or commercial project. It is a project that has not been put on the market officially. Information about it is then spread by word of mouth or via email but it isn’t mentioned on the website of the developer or in any other form of marketing media. As mentioned-above, buyers who show interest in such projects are either opportunistic investors or end-users who want to take advantage of the price factor and who can afford to wait till they get possession of their flat. Based on various factors in the market, you can enjoy a price advantage of anything between 5 to 20%. There are chances the project hasn’t been cleared for home loan approvals or that the developer hasn’t received the required permissions for starting the project. Various high risk factors are involved in pre- launch deals so be extra careful before making a move. If you are an end user planning to invest in a pre-launch property in Airoli, then make sure you have consid- ered all the variables involved. It will be a high-risk undertaking that will pay off only when you consider the below-mentioned four factors: 1.Price is the first and most important factor that needs to be considered. It is recommended to compare the stated pre-launch property in Airoli price with the rates being quoted in projects in the same loca- tion. In case the rates are high and have reached the saturation point, then there will be no future price advantage. 2.Second factor is the credential of the builder. Consider the reputation and track record of the builder. Only a reputed developer will have a list of successfully completed projects. The developer you choose should be financially sound enough to complete the project and deliver it on time. 3.Third factor is related to checking of documents and approvals. It is necessary that you are establishing whether or not the builder of your choice has clear ownership of the land on which the property is being built. The project should have an IoD (Intimation of Disapproval), plan approvals from concerned author- ities, legal title of the land and a joint development agreement in case the project will be a joint venture. 4.Fourth and last point is approval from the bank. Choose a project that is in process of being approved by leading banks or finance companies.