Promoters
Forced to Offer Discounts as 6 Lakh Houses across India Have No Takers
Unusual, came from a
mail from Chennai based builder.
Refer a friend. If
he/she buys our flat, we will give you a 10 gram gold coin.
With no takers for
nearly 6 lakh houses across India.
According to property
research firm Liases Foras and new projects still being launched, desperate
builders / promoters are dangling festive season goodies to lure more buyers.
Half of houses sales
every year happen during the three festival months.
Waiver of stamp duty,
registration fees, broker or / agents
bills, a foreign trip to celebrate your new home, a sedan car, air
conditioners, furnishings & modular kitchens, worth many lakhs are all on
offer.
2 out of every 3
builders are offering a discount or a freebie.
The sentiment across
India remains weak & nothing has changed in terms of business environment
for sales and investments to pick up, says Mr. Shishir Baijal, country head and
managing director at real estate consultancy Knight Frank.
Builders / promoters
feel this Diwali is their one last chance if property buyers do not return to
the market, they would have to slash prices.
They are hoping the
freebies will help sales grow by at minimum 20 % during the festival season.
Mantri Realty is
giving 100 grams of gold on every booking between Navratri and Diwali for its
projects in Mumbai.
That,based on todays
gold prices, would mean a discount of Rs. 3 lakh.
Rustomjee has
launched a rent back scheme for its Urbania project where the builder pays the
buyers rent for 2 years.
Jain Group is giving
away car parking worth Rs. 2 lakh free & also white goods worth Rs. 50,000
in its projects in Kolkata.
In Nashik, Ekta World
is waiving stamp duty & registration fee. Many builders in Chennai follow
these for plot and flat.
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