Developers Ring In Festive Season With Bumper Offers. Are You Game?
The festive season is one of the most awaited time of the year when up for grabs are deals that make it a win-win situation for both developers and homebuyers. From GST waivers to free parking and from iPhones to cars, developers are pinning their hope to the upcoming festive season to attract homebuyers back to the market. This could be a good time for small-budget investors, too, as developers are booking the inventories at a fraction of the total cost of the apartment, along with offering added benefits and advantages.
“The festive season is considered to be an auspicious time for many of the Indian homebuyers, which developers and builders look to capitalise on. The offers during this period are unique, competitive and many-a-times customised to suit the target market. From a homebuyer’s perspective, this is one of the best periods to scout for their ideal homes, as most of the developers would be vying for their attention through these offers,” Sankey Prasad, Founder Chairman & MD, Synergy Property Development Services.
Real estate advisory Housing.com, this festive season, has collaborated with over 150 developers and 500 channel partners to bring Home Utsav 2018. Homebuyers can avail of cash discounts, gifts and best prices. Here’s a look at some of the most attractive deals available for you:
No-GST offer: Developers in the National Capital Region (NCR), especially in Noida Extension, have waived off the Goods and Services Tax on under-construction properties, which otherwise accounts to 12 per cent of the total price of the property.
Discount on down payment: Developers such as Ace Group, Supertech, CRC Group are offering booking/possession at just a fraction of the cost. This includes 5-10 per cent booking amount, customised subvention schemes and ready-to-move-in flats with only 10 per cent payment. Some developers are also offering assured rent scheme where they will pay rent of up to Rs 7,000 for next 36 months.
Assured gift on booking: To attract buyers, some developers are offering freebies. These include a home with furnishings such as modular kitchen, appliances, furniture, etc. Some are even offering an iPhone, a foreign travel package, etc.
Cash discount: Is cash discount your preference over freebies? Opt for developers that are offering discounts of up to 20 per cent. While there are many projects that nearing completion that are on sale, builders are also attracting buyers to their under-construction projects with discounts of up to 30 per cent.
However, you must be looking for all the discounts available in the market, here are some tips you should follow:
- Do not rush for freebies. Prioritise your requirements.
- Free car parking, modular kitchen, free maintenance cost, stamp duty and registration charges waiver are some of the offers that you should look out for.
- Don't fall for the illusion of festive sales. Properties in a certain market are already available at a discounted price. If the builder is touting the deal as 'limited offer', be aware that post-festivity, the benefits would remain almost same or will be translated into some other offer.
- Understand whether you are really saving big with the deal. The overall cost of the freebie is included in the cost of the home. It is the buyers who need to decide which deal or offer suits them the most.