• 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
24727 Answers
1324 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
15251 Answers
139 Consultations
5.0 on 5.0
Ajay Sethi
Advocate, Mumbai
24727 Answers
1324 Consultations
5.0 on 5.0
Ashish Davessar
Advocate, Jaipur
18860 Answers
472 Consultations
5.0 on 5.0
Krishna Kishore Ganguly
Advocate, Kolkata
12716 Answers
261 Consultations
5.0 on 5.0
Devajyoti Barman
Advocate, Kolkata
5845 Answers
63 Consultations
4.9 on 5.0
Atulay Nehra
Advocate, Noida
523 Answers
18 Consultations
4.7 on 5.0
Shivendra Pratap Singh
Advocate, Lucknow
2871 Answers
43 Consultations
4.9 on 5.0
Rajgopalan Sripathi
Advocate, Hyderabad
916 Answers
55 Consultations
5.0 on 5.0
Ajay N S
Advocate, Ernakulam
1947 Answers
19 Consultations
5.0 on 5.0
Thresiamma G. Mathew
Advocate, Mumbai
1323 Answers
89 Consultations
5.0 on 5.0