The much-awaited great Indian festive season has kicked in with exclusive discounts and hot deals on popular brands. Real estate is not far behind with developers leaving no stone unturned to woo the buyers.
It is that time of the year when the air is filled with festive vibes. Beginning with Navratri, October to December period is widely considered as the festive sales period when e-commerce players and real estate developers across the country offer hefty discounts on their products to lure potential buyers.
The great Indian festival is a popular online shopping carnival conducted by e-commerce giants every year and this time the sale has begun from 16th October.
Apart from these online shopping festivals, this great Indian festive season in India is also regarded as the most auspicious time to invest in property. Even though the pandemic has, to some extent, dampened the festive fervour this year, stakeholders like developers and brokerage firms are still hopeful.
There are several freebies such as free modular kitchen, home décor, car parking, and other discounts offered by developers. Homebuyers can also look forward to multiple real estate events during this great Indian festive time too. For instance, Square Yards is gearing up to bring back its popular quarterly events this Diwali season.
Here are some of the Great India Festive deals available in the realty market
Innovative deals to woo the buyers
With the onset of the festive season, developers in India are all set to entice potential home buyers with innovative deals and offers on properties. Some of these schemes include no EMI until possession, refundable booking amounts, cashback schemes etc. Due to the inventory overhang after the widespread pandemic, such innovative deals are much needed to clear off the unsold inventory.
Freebies
Builders are offering freebies with their projects to entice home buyers. These freebies include a car, stereo, installed AC, modular kitchen, etc. depending on the configuration and size of the property, while some builders are also offering free parking space along with the property.
GST and Stamp Duty Waiver
To attract buyers, some of the builders are offering properties free of GST. Developers have also rolled out 10:90 schemes, that allow a buyer to book a property at 10% with no GST. Stamp duty and registration charges are paid by the owner at the time of registration and a waiver of these can help in reducing the overall cost of the property.
Cash Discounts
Builders have also been offering cash discounts on per square feet price. Builders mostly charge an additional amount from the buyers as Preferential Location Charges (PLC).
Flexi Payment Plans
Developers have come up with flexible payment plans to help buyers invest in their dream home in a cost-effective manner. These include 10:90 or 20:80 payment plans that allow a buyer to book a property by paying only 10% and the rest is to be paid at the time of possession.
