Top Builders in India offers Discount to their Sales
Pankaj Bansal the director of M3M India reported saying that the sales dip during the monsoon period. Kumar Bharat, the director of BCC Infrastructures reported saying that the sales volume seems not to be affected, reason being the peoples belief.In India, the social landscape is driven by religious beliefs and people’s orthodox. Kruti Jain, the director of Kumar Urban Development Ltd (KUL) reported saying that sales volume is facing a lean period. Huge investments such as purchase of houses are considered auspicious on the occasions like Ganesh Chaturti and Diwali.
She also added on saying that KUL has come up with many such offers that include ‘zero percent interest’ and also ‘zero registration fee’ for many of the residential projects. KUL is now offering an interest rate worth 0.25% which has been claimed to be lower than any other developer. The developers across the country tend to face lean season in terms of property sales. The US financial crisis, increasing interest rates for home loans and also inflation are the main reason for the developers offering discounts to increase their sales.
BCC Infrastructures, India, Indian financial market, Kumar Urban Development Ltd (KUL), M3M India, The Cerebrum IT Park
