1. A Wider Choice of Homes
Early buyers may get more choice of towers, floors and views. They may also have a better chance of finding the layout they prefer.
This choice can be useful when a project offers many types of homes. However, it has value only after the tower plan has been approved.
Do not choose a home from a draft plan. Match the tower, floor and unit number with the RERA plan before signing.
2. Access to an Opening Price
A developer may offer a lower price when sales begin. The price could rise later if demand is strong.
However, a price increase is not certain. It depends on demand, supply, home-loan rates and the local market.
The builder may keep the same price after launch. It may also give better discounts to later buyers if sales are slow.
Buy because the home and total cost suit your needs. Do not buy only because someone says the price will rise after launch.
3. More Time to Plan Payments
An under-construction home may have a construction-linked payment plan. The buyer pays in stages as the work moves forward.
This can spread the cost over several years. It may help buyers manage their cash flow.
However, you may still need to pay rent while also paying loan interest or instalments. These costs can overlap for years.
Check whether you can manage them if the project takes longer than expected.
4. Time to Study the Project
An early stage can give buyers time to review the site and documents. You can compare nearby projects, plan your home loan and study the local area.
There is no need to rush because of a short-term sales offer. A sound deal should still look good after your lawyer checks it.