developer and the price point at which the stock is being offered. The likelihood of a huge spurt in sales will depend on the overall economic environment, says Anshuman Magazine, CMD, CB Richard Ellis.
The number of apartments sold last year in Delhi NCR was 50,000. This year, 16000 units were sold in the first half. Even if there is an increase in sales during the festive season this year, the overall number will still be less than last year, he adds.
It’s important to note that sales during the festive season do not entirely depend on the festive offers, incentives and freebies, doled out by developers. Buyers who take the plunge during festive time are those who have waited far too long for prices to correct.