Read be­tween the lines

Re­search the of­fers thor­oughly be­fore you buy

HT Estates - - Front Page -

Fes­tive of­fers by de­vel­op­ers largely de­pend on the prices of his projects and re­quire­ment of cash flows. If a de­vel­oper feels that he needs to boost his sales, he may of­fer spe­cial in­cen­tives and the fes­tive sea­son is a good time as any for this. If his mar­gins are thin, there may not be many dis­counts Free­bies are pri­mar­ily aimed to­wards midrange cus­tomers, who are cost-con­scious and gen­er­ate most of the res­i­den­tial de­mand in In­dia’s real es­tate sec­tor. In the cur­rent sce­nario, where end-users have held back their pur­chase de­ci­sions an­tic­i­pat­ing a cor­rec­tion in prop­erty prices, free­bies alone may Al­ways find out the pre­vail­ing mar­ket rates in your area — the price at which re­cent deals were struck etc Never fall for the com­mon re­frain “prices will in­crease next week”. Make sure you have checked out at least five projects, the dis­counts of­fered etc be­fore sign­ing on the dot­ted line If de­vel­op­ers prom­ise to fur­nish the apart­ment for you as a fes­tive of­fer, think about it and com­pare it with a cash dis­count that is more im­me­di­ate. A fur­nished apart­ment will come to you at the time of pos­ses­sion, so the wait may stretch to over three years


Look for the “con­di­tions ap­ply” as­terix and go through the de­tails of the fes­tive lucky draws care­fully in the ad­ver­tise­ment or project brochure

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