When you invest in a property under construction you are able to buy at a low cost. However by investing at this stage you also have to bear what is known as a development risk. Development risk could be delayed completion or the property will not be of the quality promised by the builder or may be hike in payment. For example- the Construction Status of Ghaziabad Property went through several ups and downs over the last year. A lot of problems can raise their heads. A little research and lots of sound advice can help you in the long run.
You have to take into consideration that whether it pays to park your money in a project that is still some time away from completion. The primary advantage is that this property comes cheaper depending on the stage of construction. [Read more…]