Offers do affect property buying decisions : Survey

According to the 99acres.com survey, 70 per cent respondents said that freebies and exciting offers during the season do affect their property buying decisions.
The 44% brokers said that the demand for new property will go up. The survey was conducted among 4,000 buyers & about  250 brokers in

Mr. Vineet Singh, Business Head, 99acres.com, said, “The festive season is an auspicious period for consumers, and we have always seen a lot of deals coming through during this season. With both global and Indian economy on the precipice of a slowdown and with real estate already under stress for the past 10 months, it is definitely a good time to buy homes."

Buyers from Delhi were very optimistic about purchasing property during the festival season. 68% buyers in Delhi, 60% in Mumbai, 57% in Bangalore and 50% in Chennai said that they time their property buying decisions with the festive season. Echoing the same sentiment, 84% brokers in Delhi feel that buyers prefer to buy property during the festive season. When questioned about the property price trends post the festival season, 58% brokers responded that prices will be stable in the coming months.
India.

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