Free with your house

De­vel­op­ers are giving away great free­bies this Di­wali

HT Estates - - Front Page - Van­dana Ram­nani

Though the 2008 slowdown and the cur­rent eco­nomic tur­moil have dulled cel­e­bra­tory spir­its some­what, many de­vel­op­ers refuse to let any­thing come in the way of an­nounc­ing the ar­rival of Di­wali with a bang.

While a Mum­bai-based de­vel­oper is of­fer­ing a hol­i­day to Malaysia or Sin­ga­pore to cus­tomers book­ing flats, another one will pay stamp duty and regis­tra­tion charge for his cus­tomers. Yet an­oth- er one will fur­nish apart­ments bought in his project. A buy­back scheme also of­fers cus­tomers the op­tion of sell­ing their apart­ments to the builder at the sell­ing price if the value of their as­set de­pre­ci­ates.

In Ghazi­abad, SG Es­tates is of­fer­ing a Tata Nano car with a 2BHK flat and a Chevro­let Beat Diesel with a 4BHK flat. The re­sult? “Sales have gone up by 15-20% af­ter we launched this scheme,” claims Gau­rav Gupta, direc­tor, SG Es­tates.

Su­pertech has an­nounced a lucky draw for res­i­den­tial and com­mer­cial projects. The win­ner gets a stu­dio apart­ment in what is be­ing claimed as North In­dia’a tallest res­i­den­tial tower, North Eye, in Noida. The of­fer is valid till Oc­to­ber 22 (to­day).

Cus­tomers buy­ing pent­houses in one of Gaur­sons’ projects will get their in­te­ri­ors done for free, a 50% dis­count on car park­ing, free elec­tric me­ter (5 KVA) and free power back-up (1 KVA).

Anuj Puri, chair­man and coun­try head, Jones Lang LaSalle In­dia, ad­vises buy­ers to not count on hard dis­counts – or dis­counts on the ac­tual sell­ing price.

“If a prop­erty is af­ford­able at this point in time, it makes sense to take the plunge now, when a lot of de­vel­op­ers around the coun­try are of­fer­ing ad­di­tional free­bies,” Puri adds. which is in favour of all stake­hold­ers – buy­ers, farm­ers, banks and builders,” says Manoj Gaur, CEO and MD, Jaiprakash As­so­ci­ated.

“If the Al­la­habad High Court ver­dict is ‘pos­i­tive’, book­ings will open again but at a price that will be at least 20% more than where they closed, de­pend­ing on com­pen­sa­tion that we may have to bear,” he adds.


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