The term pre-launch offer is familiar to those who are employed in realty sector. In fact the pre-launch offers are beneficial to both realtors and buyers provided if the project is executed as planned. However, in the name of pre-launch offers a lot of fraud is being perpetrated. Therefore, it triggered suspicion in the minds of the prospective buyers. Similarly, another term that is widely popular in real estate field is soft launch.
The soft launch, compared to the pre-launch offers, is comparatively a better option before the prospective buyers. As far as pre-launch offers are concerned, the project would have no legal sanction and administrative clearances. However, in soft launch the process is initiated but not completed. The process will be completed sooner or later. More or less there would be guarantee in the funds invested in residential projects. The process of securing permissions would be under progress. Moreover, it would give a lot of time for the developer to sell the units. As far as soft launch of the projects is considered, the documentation process would be completed by 50 per cent. The project will get all clearances at the stage of sale of units. Therefore, the buyers would have complete protection from legal perspective. One should keep in mind that the RERA-registered projects are completely risk free. Several builders are selling their units in the city in soft launches having obtained RERA permission.
