Prelaunch Schemes By Residential Developers May Soon Vanish : Suvishesh Valsan, Senior Manager – Research, Jones Lang LaSalle India
Pre-sales of residential units is a widely followed practice universally. However, in India, developers go a step further, offering units for sale at a prelaunch stage. During prelaunch, developers offer investors an opportunity to purchase residential units ahead of even procuring all necessary approvals. At times, land title due diligence or product-mix (retail, residential, commercial) …