Group buying is in demand now
The new concept of ‘group buying’ is fast catching up with the home buyers in the city.
Around 10-12 like minded families come together and approach a real estate developer for booking apartments. This helps in a better bargaining position for the home buyers.
Group buying helps buyers to have higher discount while buying properties. They get heavy discount in the property price as well as in other membership costs and maintenance. The developers give these discounts as they get a number of buyers at one go and the economy of scale works.
In group buying there are certain rules which will not be there in a written document. These special rates are also not given at the launch of the projects as the rates of the apartment are already discounted. In group buying numbers have to be significantly high to avail these discounts. The minimum number of confirmed buyers has to be more than 10 and that too in the upper-mid or luxury segment.
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