What are the offers given by the builders to buyers?

Q: As the sales have fallen drastically, what are the builders doing to overcome this situation?

poonam, Mumbai

3rd April 2012

Real estate News in Mumbai

mumbai

builders overcome

decrease in sales of apartments

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Mumbai is the most unaffordable market with 29 percent of the city's total under-construction units priced at over Rs 1 crore as against 11 per cent of the NCR and 5 percent of the Bangalore markets. So builder have to sell their projects. In spite of directly reducing prices, real estate developers are offering discounts and freebies to encourage sales

Lalit Verma, Mumbai

12th September 2013

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Yeah you are correct Abhishek and Sandeep.... Mantri Realty is now offering 100 gms of gold coins for 1-BHKs, 2-BHKs, 3-BHKs flats, and duplexx in Mantri Serene for its 18-storey tower in Goregaon, which houses close to 300 apartments.

Vineet Tendulkar, Mumbai

11th September 2013

Comment

According to sources, real estate developers offering freebies are directing the market towards an impending price correction.

Bikram, Mumbai

12th September 2013

In order to boost sales in the stagnant real estate market, developers have been forced to offer a variety of freebies like 100 gms of gold coins, discounts, cash back of monthly rentals up to a year, free parking facilities and payment of stamp duty and registration charges while you go to book a property in the city

Sandeep Mhatre, Mumbai

11th September 2013

Comment

Some of the real estate developers are offering discounts, some are luring buyers with readymade kitchens, air conditioners in the flats. These marketing schemes are targeted based on the income-level of the buyers and the range of flats

Abhishke Karule, Mumbai

11th September 2013

To overcome the situation, some builders in Mumbai region introduced a new scheme for their commercial properties wherein the buyers have the option to pay 40% of the price initially and the balance they can pay in EMIs over a certain period of time. Some builders are offering buy back scheme for the investors after a certain lock period.

akhilesh.arora33,

4th April 2012

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