What are you getting for free?
RENT AND CAPITAL RATES
Alaknanda CR Park Defence Colony East of Kailash Greater Kailash Kalkaji What’s on offer? Developers are offering a variety of freebies such as air-conditioners, fully furnished kitchens and wardrobes, gold coins, free cars etc and attractive payment plans this festive season. Some are also offering price discounts with a 5% to 10% reduction in the basic selling price Reading between the lines: Those going in for electronic appliances, consumer goods, holiday packages and cars must understand that these freebies translate into marginal discounts only. The value of such discounts is in proportion to the average ticket size of an apartment Subvention schemes: Many developers offer a 10:80:10, a possession-linked plan which means that you can book a unit by paying 10% of the cost and the balance at the time of possession. Read the fine print of these schemes Price check: Most builders hike prices before the festival season. Buyers should find out how much these properties were priced three to six months ago to see if the discount is genuine or whether the developer has inflated the price and is taking them for a ride Do you need the gifts? If you do not require the white goods or the furniture being offered by the builder, find out if there is room for you to get a better discount. The price offered to you may include the cost of these free items Lajpat Nagar Malviya Nagar New Friends Colony