Frequently asked questions (FAQs)
What is a new housing project?
A housing project is the construction of new homes and apartments by property developers primarily designed to provide new housing options.
How to reserve an apartment unit in a new housing project?
You need to contact the developer to reserve a unit for an ongoing housing project. You will be required to pay a security deposit and provide proof of income.
How long does it take to complete a new residential complex?
The time it takes for the completion of a housing project depends on the size of the development, and the complexities in the construction process. Property developers usually provide an estimated date of completion but are often subject to change.
What are the advantages of booking a property that's under construction?
- Lower initial cost
- Early bird offers
- Ability to choose a unit of your choice
- Flexibility to customize a unit according to your liking
- Access to modern features and amenities in the complex
- Enhanced security
Can I sell my reserved apartment unit in a new housing project?
Most often, yes. However, the developer may have restrictions and include clauses that require you to meet certain conditions. It is best to speak to the developer and understand the terms and conditions before reserving a unit.
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