Advance Booking a Flat - Good or Bad

Advance booking of under-construction flat has many advantages for the customer. However, one issue is forcing the customers to buy ready-to-occupy flats(at higher price) to the under-construction flats.
Lets have a look at advantages of advance booking a flat.

Low Purchase Price

Builders offer low prices for advance booking of flats. This can be due to two reasons - a) showing trust on the builders, b) saving interest on the capital amount required for the project. This can be passed to the customers in way of low prices.

Better Cash Management

One advantage of under-construction flat is well spread out cash outflow linked to the construction's progress. Unlike ready-to-occupy case where huge amount is required in less time, cash flow is spanned over longer period and can be planned much in advance.
Monitoring Construction Practices
Customers can monitor construction practices or materials used by the builder. It gives a chance for customers to correct the problems at early stages of construction.

Wider Scope in Flat Selection

During initial stages, more options will be available for selection of flat. Customer can choose best flat out of more options available. In case of ready-to-occupy, customer has to choose from left out ones.

Flat Customisation

Customers can customize the flat to their needs, in case of advance booking. Changing the room orientation, having extra or modern fittings in flat, selection of tiles/colors, etc... can be done during construction.
​
Hedging Against Rising Prices
Advance booking acts as a hedging option against raising prices. Any boom in land prices or raise in construction costs, can not be passed onto customers who already booked.
If a customer is satisfied with COMMITMENT OF THE BUILDER and WORK PROGRESS OF THE PROJECT, he/she can advance book a flat to get above benefits. It not only gives financial advantage, but emotional satisfaction as they watch stages of their flat/home construction.

See our project "Pranavi Elite" apartment - click here.
2BHK & 3BHK flats for sale. Contact us for any bookings.