Real estate investments are considered to be the most beneficial investment plan ever as it deals with low risk and high returns. As real estate investments need a huge set of capital one should wisely plan this kind of investment with correct research. This kind of investment creates a base for secondary income for an individual. The real estate investments are divided into two types according to the period of buying a house i.e. under the construction phase and new launch phase apartments. Under-construction phase properties are in the process of construction and this stage of properties can take a huge time to lay the foundation of the building. The second two types of properties include the new launch phase which consists of apartments which have reached the second phase of planning to the initial stage of construction. Buying new launch property is often considered to be superior as the home buyers get a chance to avail of a good repayment option on the overall costs.
The newly launched projects come with numerous perks like cost-effectiveness too as the real estate prices are comparatively low in the pre-launch phase. Investors who are keen to invest in real estate projects often tend to buy them in the newly launched phase. Real estate companies reduce the price rates by an appreciable amount so that the company can attract a huge set of audience towards it. This kind of smart move adopted by these real estate companies creates hype for that specific project.
An individual gets the freedom of choice as property buying at an initial state is choice oriented. One can customise and design their house as the new launch projects allow minor chances according to the buyers' needs. One has a choice to choose the best view, location and preferred floors in such types of projects. In this kind of investment, a buyer can book their desired apartment in the pre-launch phase and then can sell by availing of higher returns on the same property.
Buy residential property in the pre-launch or new launch phase so that the buyer can have access to budget-friendly rates which are often lower than post-launch rates. This kind of early investment in the hotspot areas can be beneficial for the buyer in numerous ways therefore the buyer should do proper research before buying a property.
Bangalore being the hub for the real estate market has got a huge spectrum of ongoing and read-for-possession projects. Godrej Splelendour is one such project which comes with the trade mark of Godrej Properties and has some of the best edge-cutting amenities included in it. The project is situated in the Whitefield area in Bangalore which is considered the hotspot location for real estate investments The Whitefield area is the most demanding in Banglore as it is proximal to many IT and commercial hubs.
The project comes under three configurations i.e. 1, 2, and 3 BHK apartments with areas ranging from 600 to 1234 square feet. The social infrastructure is well-developed as the project gives access to many educational institutes, hospitals, and shopping malls. One can find amenities like a Swimming pool, Gymnasium, Yoga/Aerobics, Banquet Hall, Volleyball, Basketball, Cricket Pitches, Tennis courts, and many more. The project has got excellent connectivity too. The location is suitable for real estate investment as it checks off all necessary factors too.