Yes! This can actually happen. Sometimes developers start marketing their projects even before the basic approvals. At that time they offer 10 to 20 percent discounts to the buyers. In the real estate industry, it is called the soft launch.
The soft launch helps developers to generate cash flow. As, at the initial stage of the project, high risk is involved in execution of the plans, so developers offer these discounts to attract customers. This discount is offered to some early birds only. After the completion of the project, you can sell it on a premium rate.
Sometimes, the area is underdeveloped when you buy the property but gradually infrastructure develops, connectivity increases, job opportunities develop in the close vicinity. In these situations also rates of the properties skyrocket
and you get premium rates of your property.
However, this is applicable if you are a developer. If you are talking about just one property, I am not sure how well will this strategy go.
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Can we buy in affordable rate and sale in premium rates after completing the projects?
Saransh Realtors
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4 Year
2021-04-06T16:45:55+00:00 2021-04-14T19:32:37+00:00Comment
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