New City Paradise: Take Advantage of Investing At Pre-Launch Rates
Investing in New City Paradise can be fruitful for short and long-term investments. The pre-launch phase offers several advantages for the investor, as they buy properties at lower rates and sell with profits once the prices increase. New City Paradise is a new mega project by New City Developers. The housing scheme is developing at a prime location near Faisal Hills and B-17 Islamabad.
New City Paradise Investments at Pre-Launch Prices
Investing in New City Paradise at the pre-launch phase is still one of the smartest ways to grow your money, and this is because of the market trend that day by day increases your chances of generating profits. The prices are already very competitive and the availability of this high-end property in installments has made it the most attractive investment right now.
If you are thinking of making a housing project investment, you must know the different stages and in this way, know when the best time to invest is.
The first thing you should ask yourself before investing pre-launch is if you are willing to keep your investment supporting this decision for a while, this can be medium or long-term, depending on various factors, such as development phase and market trends.
Here is an overview of project development phases to make you understand the benefits of investing at pre-launch prices.
The Pre-launch Phase
A housing project pre-launch is the phase used to define a housing project stage before actual launching. At this stage, various developments take place, such as planning, design, and layout but developers offer the properties at lower rates to give incentives to early birds.
- At this stage, the project is still starting and is available at a design level but construction has not yet started. This stage is an excellent opportunity for potential investors who have a long-term vision. Being in the initial phase, the investment amount is the lowest.
- However, the project has not yet taken shape and can generate reservations from investors who want to see a more tangible development.
- What you should know before investing in this initial stage is that you must confirm that the developer has the necessary approvals or NOC to carry out the development.
- It is Punjab Housing and Planning Agency (PHATA) approved the project and New City Developers have got a reputation for building and delivering real estate projects on time.
Development Stage
- At this stage, the housing project takes shape and buyers can see more tangible development.
- It has the advantage that the possession time is less than when it was in the pre-launch stage and it has the plus that the project generates greater momentum.
- Many housing projects begin to sell significantly at this phase since, having completed a certain point of development; buyers can see and assess the development quality and pace before investing.
- This stage is ideal for investors looking for investing in semi-developed projects with great profit potential. It has the disadvantage that the prices are higher and are not as great as in the pre-launch phase.
Post-development Stage
- This is another of the phases of housing project development and occurs when part of the project has already been delivered and now work is being done on its expansion.
- In this case, the risk and waiting time are lower, but so are the benefits. Ideal if you are looking for investing in housing or rent.
Benefits of Investing at Pre-Launch Prices
Since you know the different stages that development goes through, you must know the benefits of investing in pre-launch phases.
Especially if the market trend indicates that the area to invest has sustained growth in its infrastructure and development. Because this can be an indicator that the investment gain is on the rise and it is convenient to invest and if it is at a lower price, it is better.
Lower Prices of the Plots
One of the most important advantages of buying during the pre-launch phase is the possibility of acquiring a property at a lower price than it would normally cost you, and this does not mean that the property loses its value, on the contrary. For example, imagine that you acquire a pre-launch plot file that you can compare with land costs in the neighboring societies. For investments in New City Paradise, plots are currently available at almost half the price of plots in Faisal Hills.
Being a project in the planning phase, the plot prices are low and these prices would never come down; once the development takes shape. With the development certainty increases, the possession times are shortened, development makes the prices rise and it becomes practically impossible to offer rates as they were in the pre-launch phase.
Get Early Bird Investment Benefits
New City Paradise’s investment potential is enthralling investors to buy plots at a lower price during the pre-launch phase and sells them at profits when the developer would increase the price after some time.
Get Early Possession
When the development would gain momentum the price will be higher, especially if you are already buying in the phases which are first to deliver.
Almost all housing projects develop and deliver those blocks or sectors of a housing project which are sold first. In this way, if you are buying early it would mean that you would get plots allocated in an area most likely delivered earlier than others.
Invest now at Pre-Launch Rates
If you are thinking of investing in New City Paradise during this pre-launch phase, come to our office or call us and we’d guide you through the buying process.
