Please advise whether its worth to buy in prelaunch offer? Seems every builder has come up with pre-launch offer having discounted rates.

However, some pre-launches are open for more than 6 month, which raises an alarm bell. Not sure whether these are real projects or fictitious which is just another way by which builders are raising funds for their existing projects or survival?

Would appreciate if you can share some insight you may have in this matter. It would certainly be quite helpful to many needy buyers.
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  • Originally Posted by nsh123
    Please advise whether its worth to buy in prelaunch offer? Seems every builder has come up with pre-launch offer having discounted rates.

    However, some pre-launches are open for more than 6 month, which raises an alarm bell. Not sure whether these are real projects or fictitious which is just another way by which builders are raising funds for their existing projects or survival?

    Would appreciate if you can share some insight you may have in this matter. It would certainly be quite helpful to many needy buyers.


    Avoid like poison. If it is TATA Housing, Godrej properties or some other long standing reputed builder ( who do not need to offer prelaunch), then go for it. Else completely ignore and avoid all pre launch offers.

    Worst case is you will repent 5 years down the road, arre yaar I should have invested. But best is when you do not have to spend sleepless nights because the builder does not answer you calls and even after paying down payment, even the foundation is not ready.

    Put that money in SBI 6 months deposit. Enjoy few thousand monthly additional income. When a genuine deals comes across, steal it.

    Avoid all prelaunch temptations.
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  • Originally Posted by nsh123
    Please advise whether its worth to buy in prelaunch offer? Seems every builder has come up with pre-launch offer having discounted rates.

    However, some pre-launches are open for more than 6 month, which raises an alarm bell. Not sure whether these are real projects or fictitious which is just another way by which builders are raising funds for their existing projects or survival?

    Would appreciate if you can share some insight you may have in this matter. It would certainly be quite helpful to many needy buyers.

    Avoid
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  • Thanks Sir for your advise.

    Wondering whether there is any regulatory recourse if in case builder don't start the project for long?
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  • None.. so you are pretty much screwed.. So many cases.. in NCR and gurgaon.. even big builders like DLF are delayed.. Just don't be tempted in this environment.. It is very risky..



    Originally Posted by nsh123
    Thanks Sir for your advise.

    Wondering whether there is any regulatory recourse if in case builder don't start the project for long?
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  • Please stay away from "pre-luanch" projects....the difference between pre-launch and luanch is huge!!!...an undercontrsuction project when "launched" has some preliminary approvals...but in "pre-launch" it is just thin air....the developer is not bound by any authority or any contracts...they can change the project specifics to any extent...Its not about good or bad builders..it is about the stage of risk...its not a discount thats being passed...the risk is being passed.
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  • The points mentioned above are cent percent correct..

    Also, that I have been observing since the past 6 - 7 months is that Now a days, developers are pre launching projects to get some funds for their already stuck old projects for which they arent able to get buyers..

    Hence luring customers with heavy discounts on new projects (as they cannot reduce the prices of existing projects, coz of existing investors & pressure from Politicians & anti social elements).. they are raking up 40 - 50% money..

    Also, when one compares the cash flow (including opportunity cost of interest income), one is at no profit - no loss, even if he puchases the same project on actual launch despite the prices being more by 25%.

    Hence, dont just lose ur mind, as prices are 30% below market price.. remember, he is taking 40% additional money also..
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  • Originally Posted by nsh123
    Please advise whether its worth to buy in prelaunch offer? Seems every builder has come up with pre-launch offer having discounted rates.

    However, some pre-launches are open for more than 6 month, which raises an alarm bell. Not sure whether these are real projects or fictitious which is just another way by which builders are raising funds for their existing projects or survival?

    Would appreciate if you can share some insight you may have in this matter. It would certainly be quite helpful to many needy buyers.

    Hi Nsh123,

    I have a different approach than other replies you have received. Pre-launch offers are good to earn money. It is totally a risk reward scenario. Appreciation, usually is good when invested in pre-launch offers, but there is a higher level of risk too. If you are planning to invest a small portion of your fortune, then this may be an ideal investment.
    There are some things that you can do to increase your safety. Check the standing of the builder in the city. Rightly said, Tata, Godrej may not want to offer pre-launch offers, but smaller builders who have delivered satisfactorily, may also be sound bets. Though you cannot be a naive to earn in this industry. (Neither you can if you are investing in equity, commodity, currency for that matter).
    You need to understand the documentation process, and check the status of various approvals. Ensure the payment is made by crossed cheque favouring the developer and a proper receipt is issued. Get the allotment letter and go through the fine print, before taking a decision.
    If it works in your favour, your invested amount may increase considerably within a year.
    Documentation is most important and has to be scrutinized carefully.
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  • Originally Posted by BM Shetty
    hi ladies and gents,, please create one group for HDIL flat owners in mumbai, so that all can unite together and fight for the common goat.
    bmshetty1@yahoo.co.uk


    thanks for bringing a smile with this irrelevant post! :)
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