I am sorry to oppose you, but prelaunch is illegal.
As an example, here is an answer given by Mr. Mohit Arora, Director, Supertech Ltd. to a query on a site:
Anand: Is it safe to make real estate investments in the pre-launch stage?
Mr. Arora: There are no pre-launch stages now. Noida / Greater Noida authorities do not allow the project launch before the due diligence has been done from the developer's side. So, investing in any launched project is safe.
next is a website page URL of INDIAN EXPRESS news paper website too you can check.
No legal protection for pre-launch buyers - Indian Express
A good example as to how the RE system is actually working in India.
- Builders has channel partners
- Offering inaugral pre launch discounts
- Even if after 2 months of launch..the prices are increased by 200 psf the investor makes decent money
- Broker not only earns by selling the flat to buyer...but also in resale
- the builder manages to sell 50-60% project within 5-6 months of Pre-launch..and breaks even...without even laying a stone
-People who have signed BBA...now cannot delay payments as heavy fines will be imposed.
- The builder will increase number of flats, etc even in middle of construction
- Investor, Broker, Builder, Govt...all make good profits..even before 30% of project is complete.
Regd Pre launch....yes it may be illegal....and what Mr. Arora is claiming in articles is true on papers...80% Investors enter a project at this stage only...WITH FULL KNOWLEDGE AND SUPPORT OF BUILDERS....and exit within 5-6 months....
Builders rely heavily on Pre launches....
Indian businesses are running on Illegal things only....
If Pre Launch is Illegal and NOT supported by builders like Mr.Arora and VP Marketing Gulshan..then try this:
- Be at Gulshan office 8:30 am on the day on launch with a cheque in hand
and be the first person to meet the sales office.
The project would be around 10% sold....
A project will be launched ONLY after the sales team has managed a certain target in Pre launch through their Known Network of brokers and Investors
This is what happens...of course ITS RISKY....IF YOU ARE A NEWBIE
This pre launch business is only good if you have a Builder / Broker relationship which is old.
For people who are dealing with their Known people in Builder or Broker office....Its a common practice
Gulshan is a decent builder and if the location of the project is decent then it can be a good buy at 3600-3700 psf...and if as per reports the minimum entry level is 1200 sq.ft etc then its definitely worth a look
|gulshan, homz, ikebana, project, sector 143|
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