Investing in an under-construction property?

In India, under-construction projects are a fantastic way to enter the real estate market with relatively lower costs and flexible payment options. But choosing the right developer's project is key to ensuring your investment grows in value.

Having been in the real estate industry for over 23 years, I’ve seen both sides - successful investments and those that didn't quite hit the mark.

Here are a few tips I always share with clients when they’re considering an under-construction project:

• Check the developer's track record:

  A developer with a history of delivering projects on time and with quality standards is your safest bet. Look at their previous projects and how well they’ve held up over the years.

  
  

• RERA registration is non-negotiable:

  Always ensure the project is registered under the Real Estate Regulatory Authority (RERA). It provides transparency and protects you from delays or unfinished work.

  
  

  

  
  

• Understand the payment plan:

  Many under-construction projects offer staggered payment plans, but make sure you fully understand them. Some might require large sums closer to the project’s end, so it’s crucial to plan your finances accordingly.

  
  

• Location matters - always!:

  A great property in a bad location won't appreciate as much as a good location, even with a mid-tier developer. Proximity to infrastructure, schools, hospitals, and public transport are key drivers of property value.

  
  

• Look out for project amenities:

  Developers often offer amenities like clubhouses, gyms, parks, etc. but these are only beneficial if they align with your needs. Don't pay extra for amenities you won't use.

  
  

• Be realistic about timelines:

  Under-construction projects come with some uncertainty around delivery timelines. Make sure you're comfortable with potential delays and account for them in your investment planning.

Making the right decision boils down to research, transparency, and trust. When you invest wisely, the rewards can be significant - both financially and in terms of lifestyle.

As always, my team at Primon Properties is here to guide you through every step of the process, ensuring your real estate investment aligns with your goals.

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