How do we all know there is a new product on the market? Isn’t it through attractive advertisements across all media? Yes, it’s right. And even the real estate industry is not far from it. The builders showcase their next venture, i.e., the new launch of the property. In Bangalore, renowned developers have pitched into new residential projects. So, prospective buyers can look for new launch properties in Bangalore too.
Pros & Cons of New Launch
Risks & Benefits are the two faces of the same coin. The price tags are different when compared to under construction, ready-to-move-in stages. Now, this is a plus point for the buyer. But one cannot be detached from the risks. During this stage, the developer would have submitted the property-related documents to the governing body. Otherwise, the project will be under the approval stage. Both situations ring the caution bell! As a buyer, you have to scrutiny all these papers and processes.
Before investing in such new launch apartments in Bangalore, make sure you check for the legality of the builder along with verifying the property papers.