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Condos or condominiums are buildings or complexes in which units of property (such as apartments) are owned by individuals. In a condo, common parts of the property, such as the grounds and building structure, are owned jointly by the unit owners. During the last few years demand for condos has increased, thanks to the ever-increasing working professionals.

If you think you can't afford to invest in condominiums or you are not keen to take high risks associated with the constructed properties, investing in preconstruction condos can be a wise option for you.

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