Free with your house
Developers are giving away great freebies this Diwali
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.