Sunday, March 1, 2009

Property buyers beware, real estate developers to announce new discount schemes!

SundayET Exclusive!

SundayET has learnt that many A and B grade developers across the country are planning to announce new discount schemes in markets faced with slowdown.

1) Interest Free Installments:

This scheme will be different from earlier construction-linked plans. Developers will use it only for new and up-coming projects. How it works is that on a Rs 40 lakh home the developer will ask the consumer to pay Rs 1.5 lakh bi-monthly for 30 months and rest at the time of possession.

2) 15-20% discount on down payment:

In many projects, the developers are already offering a 15-20% discount on down payment both in the residential and commercial sector. According to a developer, the new strategy includes focus on mid-income housing and execution and completion of existing projects!

3) Offer to pay back to the buyer the differential:

Builders may offer to pay back to the buyer the differential, if prices should sink further before the project is sold out. This is a brilliant strategy that will overcome a significant portion of a buyer’s misgivings about investing now when the rates could sink even further later on.

4) More freebies:

Besides the above mentioned measures the developers might also come up with more freebies with the discounts. Because today’s smart buyer knows his needs and he enters the real estate market only after doing thorough market analysis.!
To read more, please, visit - Raja Awasthi-The Economic Times

Do you take full advantage of your buying capacity?

The biggest reason for concern for all real estate players is that the number of deals has been few and isolated with barely any property changing hands in both the residential and commercial sector. Considering this, when you are serious about investing in any real estate project in Pune, do you fight for the best deal?

Please, share in the comments, (Comments Policy), deep discounts you earned and best deals you negotiated while booking a flat in Pune real estate market.

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1 comment:

  1. Offer to pay back to the buyer the differential!

    Great! But there is a small problem there - I do not trust the builders!