• Is soft launch or pre-launch valid in U.P.

Is soft launch or pre launch is valid is U.P. I heard about a ruling from Supreme that this is not valid, if true could you please provide me that ruling details.
Asked 3 years ago in Property Law from Ghaziabad, Uttar Pradesh
a pre-launch (or soft launch) is a situation where a developer informs an inner circle of brokers and investors of the availability of properties in a project that has not been officially put on the market. Word of this arrangement spreads by word of mouth and email but does not figure on the developer's website or in other marketing media. 

"Investing in pre-launched projects is a high-risk undertaking, buyers must keep in mind that the project might not have got all required approvals or might not be cleared for home loan approvals by lenders. Another risk is that the project could be delayed or even shelved if the developer is not able to raise enough money. 

it is best to avoid these projects . better  buy flat after builder has obtained all approvals and building has been granted Occupation certificate .
Ajay Sethi
Advocate, Mumbai
27249 Answers
1480 Consultations
5.0 on 5.0
Investing in pre-launched projects is a high-risk undertaking, buyers must keep in mind that the project might not have got all required approvals or might not be cleared for home loan approvals by lenders. Another risk is that the project could be delayed or even shelved if the developer is not able to raise enough money.
Rajeev Bari
Advocate, New Delhi
1506 Answers
92 Consultations
3.5 on 5.0

Ask a Lawyer

Get legal answers from top-rated lawyers in 1 hour. It's quick, easy, and anonymous!
Ask a Lawyer

Property Lawyers

T Kalaiselvan
Advocate, Vellore
17402 Answers
165 Consultations
5.0 on 5.0
Ajay Sethi
Advocate, Mumbai
27249 Answers
1480 Consultations
5.0 on 5.0
Krishna Kishore Ganguly
Advocate, Kolkata
13560 Answers
291 Consultations
5.0 on 5.0
Ashish Davessar
Advocate, Jaipur
19587 Answers
507 Consultations
5.0 on 5.0
Devajyoti Barman
Advocate, Kolkata
6887 Answers
78 Consultations
4.9 on 5.0
Shivendra Pratap Singh
Advocate, Lucknow
3146 Answers
47 Consultations
4.9 on 5.0
Rajgopalan Sripathi
Advocate, Hyderabad
969 Answers
69 Consultations
5.0 on 5.0
Ajay N S
Advocate, Ernakulam
2025 Answers
24 Consultations
5.0 on 5.0
Shashidhar S. Sastry
Advocate, Bangalore
1296 Answers
71 Consultations
5.0 on 5.0
Kiran N. Murthy
Advocate, Bangalore
822 Answers
58 Consultations
5.0 on 5.0