A project, or a new phase of one, that a builder has just opened for booking, often at an introductory price.
How it works and what to check
A new launch may offer the best choice of units and prices, but carries the most construction and delivery risk. It must have a RERA registration before it is advertised or sold.
Compare the launch price with ready and resale homes nearby, and check the RERA filing for the declared completion date.
Common questions
Is buying at launch cheaper?
Often, but the saving compensates for the waiting time and risk.
Can a builder take bookings before RERA registration?
No. A project that must be registered cannot be advertised, marketed or sold before registration.