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Real Estate Forum on Builders Overcome

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Q: As the sales have fallen drastically, what are the builders doing to overcome this situation?
Latest Answer: 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
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Q: It is a fact that the sales of real estate property is reduced to an extent. What is the new plan for the builders to overcome the situation?
Latest Answer: Daljeet, the builders are coming up with different promotional offers to sell their properties. If any buyer pays 30%-40% down payment, they can own a property and the rest amount the buyer can pay in easy instalments.
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