This monsoon, housing sale has decreased by almost 40 per cent across the Mumbai city. Taking a cue from malls and designer boutiques that offer huge discounts and free gifts during monsoon sale, developers are ready to offer freebies and negotiate on the cost if the buyer ready to book the flat on the spot.
To lure buyers, developers are giving LCD television sets, refrigerators and A/C for free. Some promoters giving cars also.
Mumbai based one main Broker Said, '' These are marketing gimmicks used mainly in dull season to attract the buyers. A few developers are also slashing marginal rates, Rs 100- 200 per sq ft. This, too, depends on the seriousness of the buyer"
A real estate expert Said, ''After a year of upswing, there will soon be a correction in property prices. So, prospective home buyers have decided to wait and watch.
High interest rate on home loans has also hit those seeking to buy a home. A year ago, home loan interest rate was 9 per cent, now it is up to 11- 12%. Even the high inflation is affecting the buyers’ budget. In such a scenario, buyers do not want to take any financial risk".
But a Mumbai based developer has predicted that although prices of apartments in the far-off suburbs, including Thane and Navi Mumbai, will fall, south Mumbai will remain mostly unaffected.
To lure buyers, developers are giving LCD television sets, refrigerators and A/C for free. Some promoters giving cars also.
Mumbai based one main Broker Said, '' These are marketing gimmicks used mainly in dull season to attract the buyers. A few developers are also slashing marginal rates, Rs 100- 200 per sq ft. This, too, depends on the seriousness of the buyer"
A real estate expert Said, ''After a year of upswing, there will soon be a correction in property prices. So, prospective home buyers have decided to wait and watch.
High interest rate on home loans has also hit those seeking to buy a home. A year ago, home loan interest rate was 9 per cent, now it is up to 11- 12%. Even the high inflation is affecting the buyers’ budget. In such a scenario, buyers do not want to take any financial risk".
But a Mumbai based developer has predicted that although prices of apartments in the far-off suburbs, including Thane and Navi Mumbai, will fall, south Mumbai will remain mostly unaffected.
People will always buy the house. no matter what the market is, rain may delay the visit..
ReplyDeletefindmeclub
People will laways buy if they have money to invest, rain may delay the plan , but eventually after rain stop they will buy
ReplyDeletefindmeclub
I will buy once rain stop
ReplyDelete