Advantages Of Buying A Property During Its ‘New Launch’ Phase – Group Satellite

1. The secret to being alive is giving yourself the consent to fulfil your dreams. It can be achieving a career- based goal or owning an apartment with unparalleled views. Nonetheless, not allowing yourself the ‘go- ahead’ to put in the work required often leads to missing out on opportunities that transform dreams into reality. Are you going through the same phase? If you are wondering about investing in a residential property in Mumbai in its new-launch phase, waiting for better opportunities may lead to losing a lucrative investment scope. A residential project in its embryonic stage is often referred to as the 'pre-launch or new launch' phase. You may have come across advertisements with taglines like ‘attractive new launch prices’ or ‘exclusive pre-launch benefits’ shared by various real estate developers in Mumbai. What does a residential project in its ‘new launch’ phase mean for a buyer? When a residential project is in its initial stage and builders have just opened booking for buyers by offering sale against a project plan or plot is called a property in its new launch phase. Investing in projects in their early stages come with many advantages which can lead to high returns on investment in the

2. upcoming years. Even though all residential projects are not alike, the benefits of investing in their preliminary stages are many which can be more rewarding than just owning a house. Opportunity only knocks once You may have heard of the saying a day late and a dollar short, it's just the same scenario when it comes to booking residential flats in Mumbai in their starting phase. Needless to say, real estate is a competitive market. While you are thinking of buying a home in a wonderful location, someone may have already booked their place. That is why it is always said that the early bird gets the best price in the world of real estate. If you have found your dream home that is in its newly launched phase, make the best use of this opportunity for your future interests. Step in before the price rises Builders & developers in Mumbai adopt the best marketing strategies to get the attention of aspiring homebuyers. However, once the demand starts increasing, the price begins to rise at the same pace. If you choose to book your home at the early stages, there is a higher possibility of making high profits when the rates increase beyond your expectation. It's a reality of most residential projects in Mumbai that are located in suburban areas. Moreover, price hikes can happen due to a surge in the cost of raw materials, machinery, labour, and other factors. Pay at Ease What’s more, you can enjoy the tax exemptions of a home loan and still live your dream of owning a luxurious home in architecture marvels like Satellite Elegance. Besides, schemes in new launch projects allow the relaxation of not paying EMI till possession. At the same time, homebuyers need to pay 20-25% of the cost to the builders of a project that is still not completed. To make a long story short, it does not matter whether you are an investor or a homebuyer. What matters is whether you are taking the best advantage of a real estate opportunity that not only offers you your dream home, but a scope to enjoy higher returns in the years ahead.