Guidelines to avail discounts while booking an under construction apartment
Buying an affordable and a perfect home is everyone’s dream, perhaps not everyone would consider negotiating for their dream home. If you have planned to book an under construction apartment, it is advisable that you explore the possible discounts which can be availed before striking the deal. It is better that a person invests at a low price or the discounted priced property in order to get higher returns and contentment.
How can a buyer look for discounts while booking a property?
At the time of launch:
In case you have prepared yourself to buy an apartment, the best time would be to book it when the apartment is in a stage of being launched. When the first phase of the project is completed the developer offers the project at discounted rates to the brokers and the investors. At this stage the developer earns to sell about half of his unit to investors. Henceforth this would be a best time for discounted investment.
At the time of inauguration:
Each time a project is formally inaugurated, the developers offer an inaugural discount while booking. The discount can be about 10% on the basic sale price (BSP) or a discount of Rs. 100-150 per sq. ft. discount on basic selling price (BSP). This discount can be availed by the investors at the time of booking and the inaugural discount phase will be opened only for 10-30 days for a specific number of people.
At the time of booking for the general public:
Once the project is completed, the developer announces the booking process for the general public. At this time, the project units are sold through the general booking process from the sales offices. The investor can negotiate here and get a discount from the sales team.
At the time of resale:
Each time a project is complete, after about 10-12 months, the rates of the unsold units of the project are revised. However, when a project is started, it takes around 3-4 years for completion and the under construction units of them will be available at a cheaper rate. Also another way to get good returns is to invest in any such project and resell it at a same price.
At the peak of festivals:
Since India celebrates innumerable festivals, each festival grants ample amount of discounts on property buying. If you have planned to invest in property, you can wait till a festival arises and avail the incentives, discounts and attractive offers. Also it is believed in the real estate market that this time is auspicious to strike any deal.
At the time of pricing:
Once an investor decides on the unit to invest on, he/she pays the complete down payment while booking. That’s the time when the investor is given a discount or any other benefit.
