Pre-launch refers to a real estate project's development stage when it has not yet opened for business. While the realtor gathers and processes the structured information on the property, there won't be much project information or specs now. Property details like RERA Number, Floor plan, Master plan, Complete list of amenities, Price list, and other details will still be under process or pending approval.
The pre-launch project Prestige Somerville is one of the most awaited apartment projects developing in Whitefield, East Bangalore, the city's best location. It features stunning designs, 2, 3, and 4 BHK apartments, and state-of-the-art amenities. The developer Prestige Group is making Large discounts or incentives to increase early booking numbers, as this will benefit the business financially and conveniently. The property still needs to be formally released to the public or put up for sale. The pre-launch offer from Prestige Somerville makes several assertions about advantages for both buyers and developers.
Benefits for Investors
Benefits for builders
Though we get discounts or offers during this pre-launch phase, we should be keen on the basic details before buying any property, like builder prospects, RERA status, litigation of the property, list of amenities, specifications of the flat units, and legal validation of the property documents.
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