October 21: This festive season, the leading real estate developers in India to roll out unique offers that can scale up property sales by more than 55% as against the last quarter. The real estate experts have predicted a strong demand in the festive season as the affordability factors such as lower interest rates, flexible payment plans, and tax concessions will be coupled with the festive offers.
The property buyers respond well to the festive season as the property buying intent remains at its peak during this period. The main advantage that the homebuyer can get during the festive season is customized or flexible payment plans. It includes offers such as No EMIs till the possession and only 10% booking charges remaining at the time of possession. It impacts positively on the overall real estate sales in India.
Besides the flexible payment plans, developers also give offers such as No GST, Zero stamp duty, and upfront discounts. With these offers, the developers emphasize liquidating the unsold inventory considering the solid intent of the property buyers during the festive season.
“In the festive season, the number of property buyers visiting our digital real estate portal increases sharply. It highlights the strong intent of the buyers in this period. So, the developers are ready for flexible payment plans along with the other key offers. These offers not only to benefit the buyers but enable developers to capitalize the unsold inventory.” says Mangesh Jagtap, Regional Manager, HomeBazaar.com
The second wave of the covid19 pandemic harmed the home buying sentiment in the first and the second quarter of 2021. The primary reasons for this stagnant phase were the increased medical expenses and the lower on-site visits owing to the movement restrictions. It resulted in a decline in property sales in the top eight major cities. Further, this contributed to the higher unsold inventory in the first quarter that remained modest till June. Therefore, the upcoming festive season starting from September will provide a favourable ground to boost real estate in India.
“The festive season will be a game-changer for both property buyers and developers. From the buyer’s perspective, the conditions are favourable by getting unprecedented offers and discounts coupled with the lowest interest rates in the last fifteen years. The developers, on the other hand, can quickly raise their sales figures.” said Pravin Daud, Business Operations Head, HomeBazaar.com
In the real estate industry, the festive season triggers the maximum demand and property sales. Being a competitive market, the developers come up with unique offers that benefit the property buyers by improving the affordability factor.
Last year during the festive season, the buyer sentiment improved due to the active initiatives by the developers to bring affordability. In the eight major metro cities, property sales increased by 50% compared to the previous quarter. Similarly, this year the homebuyers can expect offers that will boost real estate sales.
About HomeBazaar.com:
HomeBazaar.com is known for its unique real estate solutions for efficient buying, selling, and renting properties online. The platform provides an entirely digitized experience of real estate projects through advanced tools & features like 360° street views, the tour via video chat and offers personalized end-to-end services based on accurate market insights at no cost to the buyers.
Fantastic beat ! I would like to apprentice while you amend your
web site, how can i subscribe for a blog web site?
The account aided me a acceptable deal. I had been a little bit acquainted of this your broadcast offered bright clear idea
Hi there! I’m at work browsing your blog from my new iphone 4!
Just wanted to say I love reading your blog and look forward to all your
posts! Carry on the excellent work!
obviously like your web site but you need to take a look at
the spelling on quite a few of your posts. Several of them are
rife with spelling problems and I find it very
bothersome to inform the reality then again I’ll certainly come
back again.
I have been exploring for a little bit for any high quality articles or weblog posts on this sort
of space . Exploring in Yahoo I at last stumbled upon this site.
Reading this info So i am satisfied to exhibit that I’ve a very good uncanny
feeling I found out just what I needed. I such
a lot unquestionably will make sure to don?t forget this website and provides it a look regularly.
Appreciate this post. Will try it out.
It’s fantastic that you are getting thoughts from this piece of writing as well as from
our argument made at this time.
It’s going to be finish of mine day, except before finish I am reading this fantastic paragraph to increase my knowledge.
Hi, I do think this is an excellent blog. I stumbledupon it 😉 I’m going to
return once again since i have saved as a favorite it.
Money and freedom is the greatest way to change, may you be rich and
continue to help others.
I pay a quick visit day-to-day some web pages and websites to
read articles, however this blog gives feature based content.
Very soon this site will be famous amid all blogging viewers, due to
it’s pleasant posts
This is the perfect web site for anybody who wishes to find out about this topic.
You realize so much its almost hard to argue with you (not
that I really will need to…HaHa). You certainly put
a new spin on a topic that has been discussed for years.
Excellent stuff, just wonderful!
Hey I know this is off topic but I was wondering if you knew
of any widgets I could add to my blog that automatically tweet my newest twitter updates.
I’ve been looking for a plug-in like this for quite some time and was hoping maybe
you would have some experience with something like this.
Please let me know if you run into anything.
I truly enjoy reading your blog and I look forward to
your new updates.
Howdy I am so happy I found your web site,
I really found you by error, while I was looking on Askjeeve for
something else, Anyhow I am here now and would just like to say thanks for a incredible post
and a all round interesting blog (I also love the theme/design), I don’t have
time to read it all at the minute but I have saved it and also included your
RSS feeds, so when I have time I will be back to read a lot more, Please do keep up the superb job.
Hurrah, that’s what I was exploring for, what a data!
present here at this web site, thanks admin of this site.