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The Death Of Pre-Launch Properties In India
It must be mentioned here that pre-launch is a project development stage at which a developer has not got any approvals in place. Those with a risk appetite could save as much as 15-20 per cent of the property cost by investing in a pre-launch property. The Real Estate Act, 2016, enforces that a developer cannot advertise about a project before registering it with the state authority concerned. While your developer is becoming more financially disciplined, the concept of pre-launch is nearing death.
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