Advantages of Buying a Property During its New-Launch
Buying a property during its new launch has many benefits. A new launch property is one that a builder introduces to the market before starting construction. These properties are cheaper, offer better choices, and can give good returns on investment.
Here are some of the advantages of buying a property durings its new launch:
1. Lower Prices & Discounts
New launch properties are more affordable than ready-to-move-in homes. Builders offer early bird discounts to attract buyers. As construction progresses, prices go up. Buying early helps you save money.
2. Higher Returns on Investment
A new launch property’s price usually increases as construction nears completion. This means buyers can sell the property later at a higher price. It is a great way to invest and earn profits.
3. Flexible Payment Plans
Builders provide easy payment plans for new launch properties. Instead of paying a large amount at once, buyers can pay in small parts. This reduces financial stress and makes it easier to buy a home.
4. Choice of Units & Customization
Early buyers get to pick the best apartments, such as those with good views or the best layouts. This is a great advantage of buying an apartment during prelaunch. Some builders allow customization of interiors, so buyers can design their homes as they like.
5. Modern Amenities & Better Construction
New launch projects come with modern features like parks, gyms, and smart home options. Builders use the latest materials & technologies to provide strong and energy-efficient homes.
6. Tax Benefits
Under-construction properties offer tax benefits. Buyers can claim deductions under Section 80C and Section 24(b) of the Income Tax Act. They can save on home loan interest and reduce their tax payments.
7. Resale Opportunity
Buyers can sell an under-construction property before it is completed. If property demand is high, they can sell it at a profit. Many investors buy early to resell later for good returns.
8. Better Developer Offers
Builders offer special deals during a new launch. Buyers may get free parking, reduced registration fees, or even gold coins. These offers help save money & provide extra benefits.
9. New & Undamaged Property
New launch homes are fresh and unused. Buyers do not have to worry about repairs or renovations. Everything is built as per modern standards.
10. Low Maintenance Costs
Since the property is new, maintenance costs are low. Builders often provide free maintenance for a limited period. This helps buyers save on repair expenses in the first few years.
11. Good Location Benefits
Builders choose growing areas for new launch projects. These locations have good roads, public transport, and upcoming commercial hubs. As these areas develop, property prices go up.
12. Easier Loan Approval
Banks easily approve loans for new launch properties from reputed builders. The loan process is smooth, & buyers can get good interest rates.
13. Safe & Transparent Transactions
Well-known builders follow legal rules, making transactions safe. Most new launch projects are RERA-approved, which ensures fair pricing and timely delivery.
Buying property under a company name can help save taxes. Companies can claim deductions and reduce capital gains tax. It protects personal assets by keeping them separate from business assets. Banks approve loans easily for businesses with good credit history. Rental income is taxed at corporate rates, which may be lower.
Buying a property during its new launch is a smart decision. Buyers get lower prices, tax benefits, and higher resale value. They also enjoy better payment options, modern features, and good locations. Investing in a new launch property is a great way to secure long-term benefits.
Godrej Properties pre launch new project is Godrej Tiara
