Realtors giving discount and offers to buyers

Q: Hi there, I recently came across a news that the realtors and builders are giving discounts and offers to the buyers. Is it true? How is it beneficial to the buyers?

Krishnan Nair, Kochi

12th February 2015

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Replies (10)

As a builder, I think because of the very tight competition which is ever growing, there has been many builders who are concentrating in this small city. Because of this, there has been a slight drop in the flat and apartment sales, and it is a matter of concern. Even though the builders are floating schemes to attract buyers, in the long run, it wont be profitable option for us.

Deepak Shetty, Kochi

27th February 2015

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I came to know about some builders who are offering free interior designing as well as providing additional fixtures such as kitchen and bathroom amenities as well as A/C also free of cost. Some also ask the maintenance fee only after initial period of 2 or 3 years..some others allow free parking space as well as club membership.

Austen D'silva, Kochi

27th February 2015

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Hey, the Prestige group is also giving such offers actually..They are offering "Eyrie Privileged Cards" to their premium or high end buyers also along with some complementary services like concierge as well as invitations to various exclusive events.

Rajiv Unnithan, Kochi

25th February 2015

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Ya…another point with regard to this..when the builders use the fund allotted for the completion of the building to invest in other properties or projects, it is legally incorrect as they breach the trust of the buyers and the delays happen.

Ashwini Eradi, Kochi

23rd February 2015

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I believe that this method should be followed. Most often, what happens is that, people pay EMIs at the same time paying house rents as they await for the completion of the project. This accounts up to a huge sum that the buyers cant afford actually..

Suneel Chakyar, Kochi

21st February 2015

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That is a huge relief for the buyers that the builders are coming up with such an attractive offer, isnt it? I think this comes in a time when the buyers are increasingly complaining that they have to bear huge financial liabilities in the form of home loans because of the delay in completion and handing over of the building.

Vikesh Vaidyar, Kochi

20th February 2015

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Oh yeah..i also seen it for Nucleus projects. This is that initially, the owner has to pay 10% of the cost as a deposit and another 10% on completion of the project. The other 80% of the loan can be paid as EMI only after the owner has moved into the apartment.

Maria Nair, Kochi

18th February 2015

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You know, I can give you one instance that happened with me. Recently, the Nucleus Premium Properties have offered us and many other possible buyers with a deal. It caught my attention. This was that a small initial deposit can be given and also ensured that no interest or EMIs till possession.

Robert Almeida, Kochi

15th February 2015

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Exactly…I too have come across such situations. What I could get from these instances is that this is showing that the real estate of Kochi is actually at its best. In the competition to earn buyers, the builders in Kochi are offering a variety of discounts from such mentioned above to woo the buyers.

Kunal Pillai, Kochi

13th February 2015

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Yeah..it is true…I am a resident of Kochi and I came across a situation where one builder even offered to do free interior works as well as other attractive gifts to ensure that the sales happens.

Krishna Abhijath, Kochi

12th February 2015

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