Festivals offer special boosters to Real Estate sector in India
We Indians have the deep down significance of festivals in our hearts; in our country, it is considered as one of the fortunate time to start something new and good. By the term “good” the general tendency of any individual is to make some investments in solid sectors like gold, stocks, diamonds etc. Hence with all those money flowing in the market real estate sector is buzzed with activity.
There is certain emotional novelty attached to the festivals and therefore the best month considered in calendars is from October to March. Given that these festivals offer a lot of freebies and discounts on the home buying the excitement and sentiments are totally relatable. The current market rate escalates due to rebounding economy, and some relief from the interest rates. But the economy and business does not totally run on sentiments of festivals, lets us see the current situation where actually these offers attract the buyers.
To attract more and more buyers and increase the sale of their inventories, real estate companies start rolling out great offers, freebies, cash discounts, gold coins, lucky draws, and jackpots. Some developers also provide international holiday package, free car parking, and many more offers. As we all know the online real estate portals in today’s time is the most visited and trusted source of getting information and selecting a property.
A real estate portal gives you an entire picture of a deal from its best rates to best choice of developers, they also show the clear picture of the property which gives an authentication to deal. Hence developers prefer these online sale markets and take the online portal route for marketing their project. To lure and attract the buyers these portals and developer work in collaboration making highly innovative deals which easily gets popular among the home buyers and investors too. Some of them are like-
- Online festival sale- these sales are a virtual sale and are of mostly 3 to 4 days longs giving various schemes at lowest prices. Consumers are offered various payment plans, rent back opportunities, free interior services or plumbing services for 1 year, less interest rate.
- Customized payment plans – flexible payment schemes are available on the online portals which allow the customers to modify the schedules of payment.
- Financing schemes- in simple language it is a scheme of 20:80, 30:70, etc. these schemes are marketed in the name of ‘subvention scheme’ i.e. Constructed linked plans & Possession linked plans.
- Another most interesting offers that run on portal is the ‘buyback and assured return’, here the buyer totally depends on the funding hence under this scheme, buyers are asked to pay a certain amount within given period of time where they are assured of returns
- Price fluctuations- running scheme of any developer that lure the buyer is ‘get a 3BHK flat in 2BHK rates’
- A buyer always looks for the loyal developer and therefore any builder does not want its image to rundown. They take testimony existing customers or old one works a lot.
- Cashback offers, no pre-EMI scheme, furnished flats, club membership free, and car parking free.
Freebies and offers are incidental at the look, when you go out to buy a dream home for yourself buyers must do due diligence and research asses of the effectiveness of the offers and schemes flooded on the online portals.
