Q:Home sales have been slow for almost 2 yrs. now, and developers are facing an ongoing challenge to keep prices in check and offload piled up inventory.
Latest Answer: Developers like DLF need eyeballs and new buyers to come in to buy their homes and they are trying various kinds of ways to do that. After Snapdeal, they are now planning to tie up with various on-line firms to sell their stock across India.
Q:According to data sourced from Director General of Registrations, property sales registrations in Mumbai saw a sharp year-on-year rise of nearly 30% in November.
Latest Answer: Right Shaunak,
This will be in addition to the 10-11% of agreement value that buyers pay in form of multiple levies, and another 5-10% of the agreement value is paid to developers on possession for various amenities. As a result, a buyer requires to pay around 20% of the agreement value through his/her own savings, as housing loans do not include these payments.
