Developers are prepared for the festive season rush: RICS


Realty developers are coming up with many offers in festive season to push housing sales and to attract buyers. This is at the time as interest rates for loan is at a low.It will an advantage for home-buyers after implementation of RERA act.

This year also, developers are offering many gifts or offers to woo buyers across Delhi- NCR. Implementation of policies like RERA, GST, REITs and FDI are going to work in favour of the real estate sector.

“A few developers are offering free gold coins, international vacations etc. Direct discount on the basic selling price is also on offer apart from offers of free maintenance for a year, free car parking etc. Clearly, developers are prepared for the festive season rush and we will have to see if buyers take the bait,” says Sachin Sandhir, global MD- emerging business, RICS.

Eros Group is offering a flat five percent discount on the BSP on booking of each unit it’s in Greater Noida West Project, Eros Sampooranam . Experion Developers is offering a Mahindra KUV 100 with its every 3-BHK AC apartment (sizes start with 1758 sq.ft.) booking for its premium luxury project.

Existing physical and social infrastructure along with favouring policies this festive season is going woo more buyers and the real estate fraternity is to make a strong comeback bringing cheers to the faces of both the developers and buyers.