The prelaunch price of Mahindra Ivy Lush ranges from Rs. 93 lakhs to Rs. 2.07 Cr. The prelaunch price basically starts from 0.93 Cr for 2BHK and goes up to 1.05 Cr for 2BHK apartments of size between 769.41 sq ft and 866.93 sq ft. The prelaunch price of 3 BHK flats of size 1114.72 sq ft to 1237.21 sq ft is 1.35 Cr to 1.52 Cr. Finally, the prelaunch price of the 4BHK flats of 1598.67 sq ft starts from 2.07 Cr. The project is in a prelaunch stage from 30 December 2024 and has fixed the prelaunch price of Rs 12,000-13,000 per sq ft.
The prelaunch price of project Ivylush offers a 10 percent discount on the base price of flats as a prelaunch offer for early buyers. The prelaunch period is the period when the builder is getting ready for launch and starting a survey of potential buyers. At this stage, builders usually fix the price of flats at lower prices than ever. Once the project is launched, the price will rise by 10 to 15 percent.
Advantages of booking Mahindra at the prelaunch price:
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LOW PRICE - The Buyer can book the flats at least 10 percent lower in price than ever; once the project launches, the potential buyers cannot buy the flat at the launch price range.
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Can buy as per preferred customization - at this stage, the Buyer is able to choose their preferred flats and will have the option of customizing the units. However, they need to.
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Early bird discounts - the early bird discount will be given by the Buyer during the prelaunch, mainly because the Buyer can save the interest amount on loans. Once the project starts, he starts looking for funds and goes for a loan, but in the case of prelaunch, he can develop using buyers' money.
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Value growth potential - The project will get a vast hike in demand in 5 to 6 years until completion; due to growing infrastructure, buying the project at the prelaunch price may make a huge difference in price compared to the next 5 years so that the Buyer can get both the benefits of price as well as resale value too.
Things to know before buying apartments at prelaunch prices:
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Buyers should check whether the project is approved by the RERA Authority Board of Maharashtra.
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Should have a deep understanding of the planning, positioning, and vastu of the project.
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Should not invest a large amount of money at a time; it's better to invest up to 10 to 20 percent at the prelaunch price.
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Accurately inspect the documentation, whether the project is under litigation or any land-related complications.
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Buyers should pay the money by cheque, RTGS, or an online payment system and never go for cash payments until the project is launched.
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The Buyer should go for a bank loan so that the bank will perform well in the case of due diligence.