Planning to book an apartment this festival season

Q: Is it a good idea to buy an apartment this festival season? Any idea if the builder is giving any discounts or sometime. Please update

Joseph Sebastian, Kolkata

10th September 2014

Real estate News

indian real estate market

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Replies (5)

Hi, What is Referral Bonus concept in real estate market?

Kaustav Paul, Kolkata

27th October 2015

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@ Kaustav.
This type of offer works in two ways:
1. Customer gets a flat discount on his apartment on every referral made.
2. He gets a percentage discount on his down payment or Equated Monthly Installment (EMI).

While not all developers offer the referral bonus option, those who do, keep it straightforward. So, for every referral, one could get a discount of about Rs 2-3 lakh or five per cent, depending upon the option offered by the builder.

V. Victor,

27th October 2015

Hi, some builder is also providing attractive payment option with his new launch as well as existing launch. Builders offer flexible options, depending upon the payment capacity of a customer. In such a case, an EMI plan designed for 3 years in a general scenario, could be extended to 3 and a half years.

david.m,

27th October 2015

Can anyone throw some light on What are the common offers during this festive season?

debabrata sarkar, Kolkata

27th October 2015

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Hi,
If you talk about this festive season I observed that market is full of unsold property and builder is offering various promising and discount.I think we should check all prospective before investing in property.
1. Discounts
2. Referral Bonus
3. Lucrative Payment Options

V. Victor,

27th October 2015

This is absolutely the correct time to invest if you asre planning to because the schemes the developers are offering according to Mr Dwarkesh are absolutely mind blowing and you can save a good amount of money. And once the piled up inventory is sold, prices are expected to rise.

Govinda,

10th September 2014

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Any idea about what kind of schemes the developers are giving?

Akash Kanojia, Delhi

10th September 2014

Comment

According to sources, majority real estate developers in Delhi NCR are offering PLPs (Possession Linked Plans) as part of a festive offer. Multiple schemes like 10:90, 25:75, 30:70, 30:30:30 are available. Several developers have also let go of EMIs till possession to attract the consumers. Some developers are giving offers to book a property at as low as Rs 1-2 lakh.

Dwarkesh,

10th September 2014

It is a great idea to buy a property this festival season because this time builder or developers are not giving any kind of freebies rather they are planning to give some kind of discounts in the property price because of the unsold inventory n the market due to low buyer sentiments that was visible in the last two years. Thus, areas with significant unsold inventory such as Noida, Greater Noida, exteriors of Gurgaon, Thane and Navi Mumbai.

Dwarkesh,

10th September 2014

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