Builders are offering zero stamp duty and many other freebies to get customers. Here’s a list of some of the offers from developers.
By Varun Singh
It is festive time and builders want to attract homebuyers and what works better during festive season, yes it’s offers.
Builders are offering zero stamp duty and even several other freebies that may make a homebuyer buy their homes during this festive season.
Interest rates are historically low that has pushed investors to proceed with their purchase decisions.
The real estate sector which witnessed a strong revival in the last few quarters will be looking ahead to the festive season to keep the sales momentum going.
Here are a few offers by real estate developers to look out for in the festive season.
The Wadhwa Group
In the month of October The Wadhwa Group, one of India’s leading real estate development companies and a prominent realty player in Mumbai, is currently providing various offers’ for their projects Wadhwa Pristine at Matunga, TW Gardens at Kandivali & Dukes Horizon at Chembur. For TW Gardens at Kandivali for which the construction is going in full swing, the Group is offering Zero Stamp Duty Benefit along with a 25:75 Payment Plan. For Wadhwa Pristine at Matunga which is nearing possession, the Group is offering Zero Stamp Duty Benefit along with a 25:75 Payment Plan. For Dukes Horizon at Chembur for which the construction is going in full swing, the Group is offering Zero Stamp Duty Benefit along with Flexi-Payment Plan.
Bhasker Jain, Head – Sales, Marketing & CRM at The Wadhwa Group said, “The real estate sector generally sees an uptick during this festive period starting from Navratri. Also as a buyer, one gets a diversified choice of offers, schemes, prices to make their homebuying decision convenient. Although developers come with various offers, still the buyer has to check a few factors before investing in a property such as a builder’s credibility, connectivity, proper planning, amenities, and design, etc. All nine days of Navratri are auspicious, have sacred importance, and perfect to take the plunge in the home buying decision.”
Transcon Developers
This festive season, Transcon Developers is offering Croma vouchers worth Rs. 2 lacs, Rs. 3 lacs & Rs. 4 lacs on their 1, 2 & 3 BHK homes respectively on the Tower 3 (Passcode All-Stars) of their project Transcon Triumph at Andheri West.
Shraddha Kedia-Agarwal, Director, Transcon Developers said, “Festive season and the real estate industry are always abuzz with activities – new launches, offers, benefits, attractive payment schemes etc. Today customers are globetrotters and they want to experience luxury backed homes with exclusive amenities and facilities. This is the best time to buy a property with exclusive deals and promotions from developers along with low home loan interest rates.”
CR Realty
CR Realty is providing Flexi Payment Plan and Zero Stamp Duty offer on their project Primo in Bhandup throughout the festive season this year.
Cherag Ramakrishnan, Managing Director, CR Realty said, “The festive season that starts from October, is when people are keen to explore new investment opportunities and developers too offer lucrative schemes in the market. An upward movement is anticipated during the festivities, a development that has given builders a reason to believe that the sector may bounce back to business-as-usual by the end of 2021. Low interest rates and various discount offers by developers, are believed to be the key reasons behind the revival in consumer sentiments in these markets. Combined together, such factors are helping real estate sales to return back to pre-Covid levels or even more than that.”
Sumit Woods Limited
Sumit Group, one of the prominent realty players in Mumbai, is currently running ‘Teen ka Tadka Offer’ for their project Arcenciel at Mulund West, the offering is EMI Holiday for 12 months from Bajaj Housing Finance Ltd + Flat Discount of 3 Lacs and wheel of fortune for lucky winners to win a discount of up to 2.5 lacs extra.
Bhushan Nemlekar, Director, Sumit Woods Limited said, “Buying a home at auspicious times and festivals is believed to bring prosperity and opulence in life. Therefore, homebuyers planning to invest, wait for this time of the year and also look forward to lucrative deals and schemes in the market. Considering this festive mood, we at Sumit Group provide attractive offers for the homebuyers, that becomes an attractive value proposition, amidst the economic slowdown, and we should see their confidence in the sector increase, and boost consumption.”
Also Read: Home Loan Interest Cut, Will It Benefit Homebuyers?
